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08/17/2012 12:25 PM ID: 92418 Permalink   

Facebook Shares Drop 6 Percent to Record Low

 

Facebook shares slumped 6 percent to an all-time low Thursday closing at $19,87. It´s its lowest close since the social network went public in May.

It has been reported that about 271 million shares owned by investors such as Goldman Sachs and Accel Partners cleared a mandated lockup period.

Lockup periods provide some early investors and insiders with an opportunity to exit. The next one expires on Oct. 15 (249 million shares).

 
  Source: www.bbc.co.uk  
    WebReporter: maninblack2 Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  3 Comments
  
  I  
 
would like to either see facebook go bust or just go back to being a simple social site without invading everyone´s privacy.
 
  by: ahhhhhhhhhhhhhhhh   08/17/2012 03:48 PM     
  Yes!  
 
I can´t believe I´m agreeing with ahhhhhhhhhhhhhhhh on something. Hell just froze over. Well said, ahhhhhhhhhhhhhhhh
 
  by: Lurker     08/17/2012 03:57 PM     
  Rightly deserved.  
 
It could not have happened a more trust worthy company!

 
  by: captainJane     08/18/2012 02:18 AM     
 
 
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