Facebook may move shares to NYSE

As Facebook's stock fell to $19.16 on Tuesday, Aug. 21, 2012. Its initial price on May 18th was $38.

(CBS/AP) NEW YORK - Facebook (FB) is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.

The person spoke on the condition of anonymity because they were not authorized to speak publicly. Facebook's much-anticipated IPO was delayed by a half-hour on Friday because of glitches on the Nasdaq.

After pricing at $38, Facebook's stock closed up 23 cents on Friday and has been down since. On Wednesday, it closed up $1, at $32, still down nearly 16 percent from the IPO price.

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The news was reported earlier by Reuters.

NYSE declined to comment. A Nasdaq spokesman did not immediately return a call for comment.

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