YOUR FRIENDS' ACTIVITY

    Facebook stock down 3 pct to new low for close

    Associated Press – Mon, Jun 4, 2012

    NEW YORK (AP) — Facebook's stock fell 3 percent and closed Monday at a new low.

    Shares of Facebook Inc. slid 82 cents to close at $26.90, after briefly trading as low as $26.44. The previous low for the closing price was $27.72, on Friday.

    Facebook's stock is down 29 percent from its initial public offering price of $38.

    Facebook began trading on the Nasdaq Stock Market on May 18. The day was marred by trading glitches and general investor confusion. The highly anticipated IPO capped the worst week for the U.S. stock market so far this year.

    Since the IPO, Facebook's stock has fallen on seven of the 11 trading days. At the same time, many analysts hold upbeat long-term opinions on Facebook.

    The company is based in Menlo Park, Calif.

    Loading...

    More Tech News

     

    News for You »

    • The Gruesome Details of London's Horrifying Machete Attack

      An attack in broad daylight in London on Wednesday is drawing a swift response — and a possible terror link — from the highest authorities. Reports suggest two men chased down another man with their car before getting out, attacking him with a machete, and dragging him through the city streets. 

    • ‘Teen Mom’ Farrah Abraham teaches teenage girls a very bad lesson

      “Teen Mom” and “Backdoor Teen Mom” star Farrah Abraham has successfully taught teenage girls everywhere a very bad lesson: If you get pregnant as an unwed teenager, star in a reality show, then a porno, you, too can be super famous!

    • Florida high school suspends teacher for touching girl on head with banana

      Is a cigar sometimes just a cigar? That debate will remain unresolved, but The Daily Caller can say with confidence that a banana is definitely not always just a banana at North Marion High School near Ocala, Fla.

    • Cycling-Road-Giro d'Italia classification after stage 16

      May 21 (Infostrada Sports) - Classification from Giro d'Italia after Stage 16 on Tuesday 1. Vincenzo Nibali (Italy / Astana) 67:55:36" 2. Cadel Evans (Australia / BMC Racing) +1:26" 3. Rigoberto Uran (Colombia / Team Sky) +2:46" 4. Michele Scarponi (Italy / Lampre) +3:53" 5. Przemyslaw Niemiec (Poland / Lampre) +4:13" 6. Mauro Santambrogio (Italy / Vini Fantini) +4:57" 7. Carlos Betancur (Colombia / AG2R) +5:15" 8. Rafal Majka (Poland / Saxo - Tinkoff) +5:20" 9. Benat Intxausti (Spain / Movistar) +5:47" 10. Domenico Pozzovivo (Italy / AG2R) +7:34" 11. Tanel Kangert (Estonia / Astana) +7:43" ...

    • The World's Most Powerful Women 2013

      Our annual snapshot of the top 100 women in business, politics, celebrity, philanthropy, billionaires, media and technology.

    • Ohio kidnap case hero gets burgers for life

      CLEVELAND (AP) — The man who famously put down his Big Mac to help rescue three women held captive for a decade in an Ohio house will never have to pay for another burger in his hometown.

    • Is Greek yogurt hurting the environment?

      Good for your body; terrible for the planet

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    Show More
    Loading...

    Follow Yahoo! News