Reason.com - Free Minds and Free Markets
Reason logo Reason logo
  • Latest
  • Magazine
    • Current Issue
    • Archives
    • Subscribe
    • Crossword
  • Video
    • Reason TV
    • The Reason Roundtable
    • Just Asking Questions
    • Free Media
    • The Reason Interview
  • Podcasts
    • All Shows
    • The Reason Roundtable
    • The Reason Interview With Nick Gillespie
    • The Soho Forum Debates
    • Just Asking Questions
  • Volokh
  • Newsletters
  • Donate
    • Donate Online
    • Donate Crypto
    • Ways To Give To Reason Foundation
    • Torchbearer Society
    • Planned Giving
  • Subscribe
    • Reason Plus Subscription
    • Gift Subscriptions
    • Print Subscription
    • Subscriber Support

Login Form

Create new account
Forgot password

Economics

Facebook Shares Hit New Low

Stocks sink 7.1 percent after early investors get permission to sell.

Reason Staff | 8.16.2012 4:00 PM

Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Facebook Inc shares sank as much as 7.1 percent to a record low after early investors got the greenlight to sell for the first time since the No. 1 social network went public, starting a string of insider lockup expirations expected to pressure the stock for months.

More than 270 million shares owned by early investors became available for trade on Thursday. That's more than half the 421 million shares sold in the May initial public offering.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

This field is for validation purposes and should be left unchanged.

NEXT: Bodyguards Assigned to Pussy Riot Judge

Reason Staff
EconomicsFacebook
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
Media Contact & Reprint Requests

Show Comments (0)

Latest

2 Controversies Over Political Rhetoric Illustrate the Perils of Blaming Gun Control Critics for Murder

Jacob Sullum | 10.9.2025 4:30 PM

Bari Weiss Is Powerful, Establishment Media Is Not

Robby Soave | 10.9.2025 4:00 PM

D.C. Will Arrest This CEO if His Rideshare Alternative Doesn't Shut Down by Friday

Jack Nicastro | 10.9.2025 3:45 PM

Original Zyn: FDA Failures Allow Fake Nicotine Pouches To Flood U.S. Market

Sofia Hamilton | 10.9.2025 3:30 PM

What the Democrats Are Doing Right Now Won't Lower Health Care Costs—but Here's What Actually Would

Veronique de Rugy | 10.9.2025 3:12 PM

Recommended

  • About
  • Browse Topics
  • Events
  • Staff
  • Jobs
  • Donate
  • Advertise
  • Subscribe
  • Contact
  • Media
  • Shop
  • Amazon
Reason Facebook@reason on XReason InstagramReason TikTokReason YoutubeApple PodcastsReason on FlipboardReason RSS

© 2025 Reason Foundation | Accessibility | Privacy Policy | Terms Of Use

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300
Take Reason's short survey for a chance to win $300