Founder and CEO of Facebook Mark Zuckerberg Courtesy of Creative Commons Flickr

Facebook which opened Friday at a stock price of $42 in the morning, briefly crested to $45, as reported by the Los Angeles Times, but the stock never managed to keep that momentum, slowly decreasing in price throughout the day.

For some experts, the closing price of Facebook’s debut was surprising. Venture Beat reported, for example, that almost every Silicon Valley insider predicted Facebook stock would finish its first day between $50 and $60  per share.
 

 To put things in comparison, the revolutionary online giant Google made its debut on the NASDAQ in 2004 at a price of $85 a share according to CNN.

With such high expectations around Facebook's debut, its weaker then expected opening, dampened interest in other social media stocks on the market.   Already LinkedIn Corp, Groupon and Yelp experienced a decrease on Friday, pulled down by Facebook’s debut MSN noted.

Still, Facebook opening might not be representative of the social media stock's current worth.

The IPO pricing is reportedly below what Facebook was trading on private markets earlier this year. According to CNBC in late March, Facebook shares traded at $44.10 on a private exchange.

However, the disconnect between that price and the current public price per share of Facebook might partially be due to bugs during its opening on NASDAQ.

The Los Angeles Times reported that brokerages complained that they weren't getting confirmation that trades were going through. In addition NASDAQ reportedly delayed the company's opening by two hours to make sure there would an orderly lauch which could have led to some trading confusion.

Still, despite Facebook's lower than expected debut, as Yahoo Finance reported, about 570 million shares in Facebook were traded on its first day as a public company, which Yahoo sumrised, was roughly the equivelent to the combined trading volume of every stocks in the Dow Jones industrial average  except Bank of America and JPMorgan Chase.

In other words, with shares valued $38, Facebook is currently priced more than 100 times its profit according to ABC.

Marc Zuckerberg, the CEO founder of Facebook, was on the floor of NASDAQ to ring the bell to signal the start of trading on Friday. Before he rang the bell, he shared his thoughts on the company going public.

 "Going public is an important milestone in our history," said Zuckerberg, as reported by ABC. "But here's the thing. Our mission isn't to be a public company. Our mission is to make the world more open and connected." 

Reach Executive Producer Jackie Mansky here