Some early investors were allowed to sell, driving the stock price to historic lows.
Facebook’s startling free-fall continued Thursday as the three-month lockup period preventing insiders from selling company stock expired. After going public at $38 in May, Facebook shares hit an all-time low of $19.87. Following a ... Read Post
Shares in Facebook fell more than 6 percent, to $19.87, on Thursday amid fears that early investors, including like Accel Partners and Goldman Sachs, that were eligible to sell their shares would dump the stock and create a surplus ... Read Post