An Indian man opens a Facebook page on his mobile phone in Hyderabad, India, Thursday, May 17, 2012. The company's shares are expected to begin trading on the Nasdaq Stock Market on Friday under the ticker symbol "FB". Facebook is likely to have an estimated market valuation of some $100 billion, making it worth more than Kraft Foods, Ford or Disney. (AP Photo/Mahesh Kumar A.) Photo: Mahesh Kumar A, Associated Press / SF
Facebook Shares Close With a 3.2% Gain After a rocky three days as a publicly traded company, Facebook closed higher on the stock market on Wednesday. Shares of Facebook closed up 3.2 percent, at $32 in trading on the Nasdaq market. That is an improvement, but still down nearly 16 percent from the initial public offering price of $38.