Facebook Inc Disappoints Investors As Falls Below $38 IPO price (FB,YHOO,GM,LOW,CPB)

Facebook Inc (NASDAQ:FB) stock plunged 11.72% to well below its IPO price of $38 in second trading session, which is not a good sign. The company made a debut on Friday, when the stock closed marginally higher after hitting high of $45. There are strong criticism over the world’s largest social networking website holder potential to generate ad revenue considering complete lack of ads opportunity from the mobile device.

The IPO was originally priced at $38 per share, which was at the top end of its estimated price range of $34 to $38. Facebook offered 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.

Yahoo! Inc. (NASDAQ:YHOO) stock increased 0.58% to $15.51 in the morning hour. Yahoo! Inc. and Alibaba Group Holding Limited announced they have entered into definitive agreement for a staged and comprehensive value realization plan for Yahoo!’s stake in Alibaba. The first step is the repurchase by Alibaba of up to one-half of Yahoo!’s stake, or approximately 20% of Alibaba’s fully-diluted shares. The purchase price will be based on a valuation of Alibaba to be established through equity financings that Alibaba intends to undertake to finance the transaction, subject to a floor valuation of approximately $35 billion.

General Motors Company (NYSE:GM) shares climbed 2.03% to $21.61 in the early hour.  The compny would invest $200 million in its Ellesmere Port plant in northwest England to build the car after workers at the site overwhelmingly agreed to a new pay deal. GM said the 50 year old plant would become its lead producer of the five-door variant of the Astra, due to start in 2015, creating some 700 jobs at the site and another 3,000 in the supply chain and securing the factory's future until at least 2020.

Lowe's Companies, Inc. (NYSE:LOW) shares declined 9.90% to $25.66 in the morning hour after the company posted first-quarter net earnings of $527 million or $0.43 per share from $461 million or $0.34 per share last year. Sales climbed 7.9% to $13.15 billion. Analysts expected earnings per share of $0.42 on revenues of $12.99 billion for the quarter.

Campbell Soup Company (NYSE:CPB) stock fell 2.28% to $32.64 in the early hour after the company’s third-quarter earnings fell 5.4% owing to rising commodities prices and higher marketing and selling expenses.The company posted third quarter profit of $177 million, or $0.55 a share, as against $187 million, or $0.57 a share, a year earlier. Adjusted earnings were $0.56 a share. Revenue increased 0.4% to $1.82 billion as lower volume and increased promotions offset benefits from higher prices and sales allowances.  Analysts projected earnings of $0.52 a share on revenue of $1.81 billion.