FACEDUMP?

Tuesday, May 29, 2012 – 09:30 a.m.

The shares of social networking giant Facebook fell below $30 Tuesday morning.

A development that can’t be good for general investor confidence.

The company went public about ten days ago at $38, with the stock trading as high as $45.

The originally proposed offering price was $28.

Of course that was before underwriter greed set in.