Facebook Stocks Plunge to a New Low as IPO Lock-up Ends

Shares of the social networking site, Facebook saw a drop of nearly six percent from the day’s opening Thursday as the firm unlocked 271 million shares for trading. The stocks plunged to a new low and dipped below the $20 mark for the first time- nearly 50 percent of its … Read the rest

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As Facebook Stock Sinks, Will It Live Up to the Hype?

Facebook Inc. plunged to a record low in stocks as investors started dumping stock, tumbled by the slowing growth of revenue.

As per generally accepted accounting principles, Facebook actually lost $743 million, but reports a number that leaves out employee stock awards, options and related expenses. This news came as … Read the rest

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