Facebook’s stock price hit a record low Thursday, sinking to nearly half its IPO price, as insiders became eligible to sell the first batch of shares that had been “locked up” by trading restrictions since the company’s stock market debut. With investor confidence continuing to fall, experts said the price of shares in the world’s leading social networking company could decline further if employees and early backers flood the market with more stock when additional lockups expire in coming months. Thursday’s trading was “not a good sign,” said Trip Chowdhry of Global Equities Research. Read the full story at Mercury News.
Facebook stock falls to new low, but is it bottom?
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).