Facebook Among the Worst Big U.S. IPO Starts in 5 Years

The social network’s much ballyhooed offering was in the midst of its second-straight day of declines, dropping as low as $30.98 today. That would have been an 18.5% drop from its IPO of $38.

But for now, the most-traded IPO in history has gotten off to one of the ugliest starts in recent history.