Facebook hits new low as IPO lock-up ends

Facebook hits new low as IPO lock-up ends

Menlo Park : CA : USA | Aug 16, 2012 at 9:50 AM PDT
Source: Leonia Life
Views: Pending
Shares of Facebook are plunging to all-time lows after the expiration of a lock-up period which has provided early investors and insiders with an opportunity to exit. The stock fell 7 percent, or $1.49, to $19.71 in Thursday morning trading. If the stock hits $19, it will have lost half its value since... FULL ARTICLE AT Leonia Life
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
  • Credibility
  • Wait... Flag

News Stories

  • Facebook falls as 1st lockup period ends

      SF Gate
    Facebook's stock price slumped to a new low Thursday as the first block of shares owned by early investors became available for sale, signaling a period of uncertainty for post-IPO investors that may continue into next year. About 271 million shares...
  • New low for Facebook shares as investors bail out

      The Independent
    Suggested Topics Facebook shares plumbed new depths last night, as some of the investors who had backed the social network in its early days cashed out more of their holdings. Almost three months after the company's disastrous debut on the public...
  • Facebook stock hits record low as lockup expires

      Contra Costa Times
    The company has launched several new advertising programs in recent months, including some aimed at mobile users. "We think Facebook's market opportunity remains large," said Arvind Bhatia of the Sterne Agee investment firm, who wrote in a recent...
  • Facebook stock sinks to new low

      Charlotte Observer Online
    Facebook's stock plunged to a new low Thursday as some of the social networking leader's early backers got their first chance to sell their shares since the company's initial public offering went awry. Analysts interpreted the unusually high trading...
  • Lock-up end puts Facebook under $US20

      The Australian
    US20 a share on a day when some early investors were allowed to unload their stakes, adding further pressure on the beaten-down stock. Rules expired last night that had restricted some early investors from selling down their stakes after Facebook's...
  • Fluidigm seeks $52 million from stock offering

      Big News Network
    The company will use an expected $48.7 million in net proceeds for research and d.

More From Allvoices

Related People

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.