Facebook Stock Drops Below $19, Half of IPO Price

Facebook ipo
NEW YORK (AP) - Facebook's beleaguered stock has lost more than half of its value since its initial public offering three months ago.

Facebook Inc. (FB) hit a new low of $18.75 before bouncing back to $19.01 - down 4 cents - in morning trading Monday. The social networking icon's much-anticipated IPO turned sour amid technical problems on the NASDAQ stock market and high expectations. The stock has not surpassed its $38 IPO price since its first trading day.


Investors are worried about Facebook's ability to grow revenue quickly, especially when it comes to garnering mobile advertising dollars as users flock to smartphones and tablet computers. There are also looming expirations of the IPO lockup periods. Lockups preventing many Facebook employees from selling stock expire this fall, potentially flooding the market with more shares.







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jdykbpl45

Another CNBC Pump and dump Job.

August 21 2012 at 3:50 PM Report abuse +1 rate up rate down Reply
jdykbpl45

Another CNBC Pump and dump Job.

August 21 2012 at 3:50 PM Report abuse +1 rate up rate down Reply
street163

I saw this coming from day one . Face book is a social network and consists of mostly gossip and fairy tales. The thing it's users really hate is their social time interrupted with pop up adds. I have found that most of my kid's friends don't use it anymore.

August 21 2012 at 7:24 AM Report abuse +2 rate up rate down Reply
street163

I saw this coming from day one . Face book is a social network and consists of mostly gossip and fairy tales. The thing it's users really hate is their social time interrupted with pop up adds. I have found that most of my kid's friends don't use it anymore.

August 21 2012 at 7:24 AM Report abuse +1 rate up rate down Reply
ilm9p

FaceBook is a sillyass company designed by a sillyass fink for a whole generation of silly ass finks who have nothing else to do. It provides nothing and it produces nothing. Where's the value in that?

August 20 2012 at 3:17 PM Report abuse +4 rate up rate down Reply