Some early investors were allowed to sell, driving the stock price to historic lows.
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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
Facebook's stock hits a new low, as insiders sell shares after a "lock-up" agreements expires. And this is just the beginning. Several more lock-up agreements expire over the next nine months, which could put more downward pressure ... Read Post