lexipixel - 7:34 am on Aug 17, 2012 (gmt 0)
Friday, August 17, 2012, (after hours)
...shares closed at 4:00pm, EST yesterday, Thurs., Aug. 16, 2012 at $19.87, and regained $0.01 overnight -- still leaving the stock below the "not so magic" price of $20.00 (US).
Market capitalization for the "$100 Billion IPO" company is now at $42.57B
The Times in London proclaims: "Zuckerberg down to his last $10bn as shares drop"...
But CNN Money reports the real reason "value" is leaving the company...
Facebook stock slides 6% as insiders get chance to sell
NEW YORK (CNNMoney) -- Facebook's life as a public company has been a nightmare from day one, and the pain continued on Thursday as some company insiders got their first chance to dump shares.
Facebook stock hit a new intra-day low of $19.69 Thursday morning, and ended the day 6.3% lower at $19.87.