Friday, August 17, 2012

USA - Voice of America: Facebook Stock Hits New Low

USA - Voice of America
usa
Facebook Stock Hits New Low
Aug 17th 2012, 22:37

Facebook stock has fallen below $20 per share -- nearly half the stock's initial selling price after its much-hyped public debut in May.  The sell-off came Thursday after the expiration of a 90-day ban that prevented early investors from selling shares of Facebook for quick profit. Despite the stock's poor performance so far, some say it's too early to give up on Facebook. It was easily the most anticipated, most watched public offering of 2012, but just three months later, ...

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