Facebook Stock (FB) Closed Down As Lockup Expired

The beaten-down shares of Facebook (Nasdaq: FB) slid over six percent, closing at $19.87 on Thursday, the first day the social network's "lockup" expired for early investors, allowing them to sell their stakes. Expectations were sky-high that early investors and employees would sell their shares and become millionaires or billionaires. But now that the stock has fallen almost 50 percent below its offer price, disappointed shareholders have been cashing out. The tech-heavy Nasdaq closed over...Full Story
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