SAN FRANCISCO Facebook Inc.’s shares dipped to $ 19 on Friday, hitting a new all-time low, which also represented a 50% drop from its initial public offering price. Facebook’s had its public trading debut in May with an IPO price of $ 38. The stock shed 4.1% to close at $ 19.05 on Friday, and was down 12.6% for the week. The social networking giant’s stock took a hit Thursday when the lock-up for about 271 million shares expired. More than 1.3 billion shares are expected to be made available to the market before the end of the year as their lock-up deadlines also expire.
Our Business News
Business articles & tips that will guide you.
April Unemployment Rate Unchanged at 6.1 Percent: Date: 5/17/2013Information Contact 1: Bob Fick : (208) 332-3... http://t.co/BV4Pb9woo1 #
