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Congress

Afternoon e-Reads: Facebook IPO edition

May 18, 2012

Facebook closes its first day of trading at just over its IPO price, the Washington Post reports.

In early trading, a Nasdaq glitch led to individual investors not knowing whether their Facebook trades had been executed, Reuters reports.

Bloomberg reports that Facebook founder and CEO Mark Zuckerberg told employees to "keep hacking" amid the stock market hoopla.

Facebook's employee shareholders face a $4 billion tax bill, reports CNNMoney, and that could lead to a flood of shares on the market in the coming months.

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