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Shares of Facebook broke the IPO price today, and are tanking over 8%.And there’s a lot of fallout elsewhere in the market.
- Zynga is off 5.3%
- GSVC (a publicly traded VC firm that owns some Facebook) is down over 8%.
- Shares of NASDAQ (which is getting hammered for the handling of the IPO) are off a bit under 1%.
- LinkedIn is off 4.6% in sympathy.
- Morgan Stanley is off 1.4%