Around the Net
Facebook Stock Goes From Bad To Worse
- CNN Money, Thursday, August 16, 2012 11:25 AM
Shares of Facebook hit a new intra-day low of $19.76 on Thursday as preferred shareholders got their first chance to dump the stock. Yes, “Facebook's life as a public company has been a
nightmare from day one, and the pain continued on Thursday,” writes CNNMoney.com. Worse yet, an even bigger Facebook stock dump could come in November when the company is expected to convert the
special form of restricted stock units, or RSUs, held by most of its staff into actual shares of stock.
