Wednesday, April 7, 2010 as of 11:14 AM ET
Charles Peete "Charlie" Rose, Jr. (born January 5, 1942) is an American television talk show host and journalist.
Read More at Wikipedia ›It's Facebook's big day.
The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years.Here's some of what Associated Press reporters are finding. Check back all day for updates. All times EDT.___5:22 p.m.ABOUT THAT $38 FLOORFor most of the last half-hour of trading, Facebook was at, or pennies above, the offering price of $38 per share. But it never traded at $37.99, or at any other price that would have put it in the red for the first day.No coincidence, said Jay Ritter, a finance professor at the University of Florida: The banks that underwrote the IPO put in enough "buy" orders at $38 to keep the price from dropping below that level.Underwriters are allowed under regulatory rules to buy back, for 30 days, a certain amount of the shares they sell on the open market.Ritter said that his research showed 9 percent of IPOs close at exactly the offering price on the fir...Pennsylvania Congressman Mike Kelly reacts
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