This Is Why Facebook Isn't Falling Below $38/Share

It strongly appears that there’s a huge perma-bid at $38 on Facebook, so that it doesn’t fall below the IPO price.

Twitter user @Bourbon_Meyer sent us this look at the order book, showing the MASS of bids supporting the price at $38.

Check out the big mass of yellow on the left column—all those bids at $38.

image

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

facebook sai-us