Facebook Inc. (FB) fell to a record low, losing almost half its value since an initial public offering in May, after the lifting of restrictions on share sales by its biggest investors.
Shares in the world’s largest social-networking service dropped 4.1 percent to $19.05 at the close in New York. Facebook earlier fell to as low as $19, after the number of shares available for trading increased 60 percent yesterday.
Source: Bloomberg. Read full article. (link)