Facebook Stocks Tumble further

4 years ago

Picture is from http://simplyzesty.com/wp-content/uploads//2011/09/facebook-logo.png. Information is from Yahoo Market News in source link below.

Facebook stocks have taken another hard tumble losing a little over 5% of its value just since this morning making its stocks around $20 American. This makes it only 47% the value it was when the stocks for it 1st were made available. This is mainly becasue of an expiration of a ban that had prevented some early investors and insiders from dumping millions of additional shares they own into the Facebook stock. The company has only seen a downhill run since it 1st became available and investors are very worried that Facebook can`t keep up revenue as it continues to lose value in the market.

Source link: http://finance.yahoo.com/news/facebook-hits-low-ipo-lock-143200785.html

Follow Luuux

Related Posts

Trending Community