Facebook hits new low as IPO lock-up ends

Menlo Park : CA : USA | Aug 16, 2012 at 9:50 AM PDT

Source: Leonia Life

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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

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