Facebook shares see modest debut

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Facebook shares ended their first day of trading at $38.23, barely above the company's initial pricing of $38.

Shares in the social network rose more than 10% to $42 within minutes of trade beginning, before quickly falling back.

Later gains were wiped out too at the end of a fluctuating day's trade, as the firm's debut on the Nasdaq exchange was also delayed by a technical glitch.

Mark Zuckerberg, 28, who started Facebook while at university, remotely opened trading on the Nasdaq earlier.

Michelle Fleury reports from New York.

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