Daily News for the Geek Mind

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.

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Now Watch

Read the Latest from I4U News

Android Pay announced at Google I/O

Android Pay announced at Google I/O

18 hours ago, 1:49pm CDT

Google Photos Launched

Google Photos Launched

18 hours ago, 1:37pm CDT


blog comments powered by Disqus