Facebook Stock Dips To Below Half Of IPO Value
Just when it seemed as if news could not get any worse for Facebook's Wall Street standing, the value of the company's shares dipped Friday to less than half of its $38 opening price. The company's stock opened at a slipped-down price today from pre-market trading and has continued its downward slope to a share price of just over $18.
Just when it seemed as if news could not get any worse for Facebook’s Wall Street standing, the value of the company’s shares dipped Friday to less than half of its $38 opening price. The company’s stock opened at a slipped-down price today from pre-market trading and has continued its downward slope to a share price of just over $18.
Morningstar, which gives Facebook a four-star rating, listed yesterday’s last share price as $18.25. As of 10:45 PST on Friday, the price is listed at $18.16.
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