Why has Facebook's stock market flotation been such a disaster?

Why has Facebook's stock market flotation been such a disaster? | Technology | The Observer

While it may be brand brain washing in favor of google (I am undeniably, if cautiously, enamored with it) I definitely feel it has something which Facebook doesn't. While both are emblematic of the current internet era, google seems to represent new things done brilliantly, whereas Facebook more a transplanting of old habits, albeit also brilliantly (as evidenced by achieving such domination and reach with what was actually not a very unique product). While both raise serious privacy concerns, I personally have more trust in Google as using even if sometimes near abusing) my data as a means to a win-win end, for both user and advertiser, where as with Facebook there is more suspicion. Search is linked to purchase  and services in a way that "friendship" is not, which is why I can see our bond with google pragmatically surviving commercialization , whereas I could see the relationship with Facebook becoming more and more acrimonious . We collaborate with google, but we become friends with Facebook, and while we can accept partners maximizing our arrangement for their own ends as long as not in conflict with our own, there is more an emotional reaction to similar behavior by friends. Perhaps the old maxim still holds true : don't go into businesses with friends, since money will tear you apart. 

Though that said, it may be that I am also blinded to the power Google is gaining, and even though I like and even largely trust its current direction, what of the future? As private company what are the changes that could occur under different leaders, owners and even government of its home country (out foreign subsidiaries)? We can't ever pretend we don't know the risks of outsourcing our private data, but even still, it is just too useful and enjoyable to.give up. For the moment, I'm still feeling lucky...