SevenCubed - 9:37 pm on Oct 5, 2012 (gmt 0)
They fell again, today 05.10.2012 $20.91 -$1.04
That's bird seed compared to what's potentially in store for facebook shares over the next few quarters. Facebook has been dependent on 12% of their revenue from Zynga. And Zynga today put out a warning to the investment community to expect lower revenue for the coming quarter as well as revising it downward for the next year. Zynga took a blood-bath earlier today and shed 19% common share value before recovering to about -12%. They are nearing the penny-stock threshold. I don't know what regulations are for the NASDAQ these days. It used to be for example that if a stock listed on the TSE dropped into penny-stock status it got delisted. Then it's only recourse was the VSE which is more of a speculative venue where a company can loose it's credibility.
Facebook is in panic mode, just read the story on Seeking Alpha about "Facebook Flings Spaghetti As Lock-Up Expirations Approach".