Facebook Stock Falls 7% Today

Posted: Aug 16 2012, 9:24am CDT | by , Updated: Aug 17 2012, 10:28am CDT, 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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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