(Newsroom America) -- Facebook took a beating on the NASDAQ on Monday with its share price falling by as much as 13 percent during its second day of trading on the exchange.
By lunchtime, the shares had dropped by just over 11 percent from the list price of $38 to $33.90 in New York, after declining as much as nearly 14 percent in earlier trading.
Near the end of trade the share price had settled down about 10 percent at around $34.
The share drop wiped about $2 billion off co-founder Mark Zuckerberg’s fortune.
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