Facebook Stock Reaches All-Time Low
By Jspace Staff on 8/20/2012 at 1:13 PM
Categories: Technology, Finance
Facebook’s stock reached an all-time low Thursday, when it fell 6.3 percent to $19.87. This number is approximately half of the social network’s $38 initial public offering price. Close to 270 million Facebook shares became eligible for sale on Thursday as the first lockup expiration occurred. Many early investors released their shares, though those that kept them have an additional lockup expiration approaching in November. Given the stock dip, some are calling for Facebook CEO Mark Zuckerberg …More

