• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Facebook shares tumble under $20

Aug 16 2012 18:47
AFP

New York - Facebook shares sunk over 6% by the midway point of trade on Thursday after a freeze on insiders selling shares was lifted.

By 16:00 GMT the stock stood at $19.90 a piece, almost half the $38 offering price when the company listed in May.

"Starting today, 271 million more shares may be traded on the open market," said analysts at Briefing.com

"Pressure caused by today's selling has dropped the shares of the social media company to an all-time low since its May IPO."

*Follow Fin24 on Twitter, Facebook and Google+.

facebook  |  share price

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...