EUGENE, Ore. -- What started as a computer-hacking gig in a Harvard dorm room is now a nearly $20 billion business, one that has many of Facebook's friends wondering if they should try and cash in, too.
Opening at $38 a share, Facebook's offering made $19.1 billion right out of the gate, making it the largest public offering of common stock in the history of Wall Street and a busy morning for financial advisers like D.A. Davidson's Gary Feldman.
"Actually I think today started yesterday at some point," said Feldman.
Feldman said his phone has been ringing off the hook, and not just from the older demographic that tends to jump on IPOs.
"The younger demographic all know Facebook and they all want a part of Facebook," said Feldman. "So we are seeing vast interest for custodial accounts, for retirement accounts for younger demographic, for people who are in their 20s and 30s."
Should you buy Facebook stock?
"Personally, I think it's a very interesting offer," said Feldman. "I think the pricing was legitimate and fair. With 800 million users worldwide and growing, I would be hard pressed not to be interested in owning shares of Facebook."
Feldman said he bought Facebook stock.
KVAL News went to find others who did, too. No one we talked to had any interest in cashing in on the new offering.
"I don't know if I really have the opportunity to do that," said Eugene resident Chris Wells.
"No," said Doug Turnbull. "I don't think so."
"Why would I do that?" asked Amye Tevaarwerk.
One man we talked to didn't even have a page.
"I don't know what all the fuss is about," said Tom Stamm. "It probably just means there are going to be a lot of new millionaires in Silicon Valley."