Nasdaq Delayed Facebook IPO for 30 Minutes

Samantha Murphy

Although Facebook was scheduled to go public at 11:00 a.m. ET on Friday, it didn't officially hit the stock market until a half an hour later. A rep from Nasdaq declined comment on the issue.

[More from Mashable: Mark Zuckerberg Worth $21 Billion on Facebook IPO Debut]

The IPO caused a series of issues for finance sites, including Nasdaq.com and etrade.com.

Facebook started trading at $42 a share under the symbol “FB,” bringing the company's worth to $116.6 billion. However, shortly after the stock made its debut, the price began falling to close to $38, its opening share price.

[More from Mashable: 5 Ways Facebook’s IPO Affects Brands]

SEE ALSO: Facebook Opens at $42, Valued at $116.6

The IPO was hit with a series of delays. The Wall Street Journal wrote on Twitter that traders were experiencing problems with changing and cancelling orders due to a high-volume rush, which pushed the launch back about 30 minutes.


Others also took to Twitter to note that they couldn't get onto E*Trade.


Are you planning to buy Facebook stock? Are you having problems accessing trading sites? Let us know in the comments.

Image courtesy of iStockphoto, blackred

This story originally published on Mashable here.