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Facebook's Stock Sinking Like A Rock

  • Bloomberg, Wednesday, October 31, 2012 12:51 PM

Facebook’s stock on Wednesday took its worst fall in more than five weeks on what Bloomberg reports to be concern that employees will start selling their shares now that prohibitions on insider sales have ended. “Shares of Facebook fell 5% … and earlier touched $20.73 for the biggest intraday decrease since Sept. 24,” Bloomberg reports. The lockup was originally put in place to prevent a rush of shares immediately after the company’s initial public offering in May.

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