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Facebook Stock Falls 7% Today

Aug 16 2012, 9:24am CDT | by , in News | Technology News

Facebook Stock Falls 7% Today

Facebook Stock slides as lockup expires for some heavy early investors.

Facebook Shares are trading at $19.80 (-7%) in early morning. Today the lockup period for early investors ends including Peter Thiel, Microsoft and others. It is not clear if these shareholders have already released shares into the market or if the market is just reacting to the potential sell off.

Up to 271 million Facebook shares could come to the market.

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