06 Sep 2012, 09:36 AM
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Hall of Famer
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Join Date: Mar 2007
Location: The Barren Wasteland
Posts: 1,218
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Quote:
Facebook Inc. slumped to a record low on Friday after a pair of brokers slashed their price targets on the stock, citing the combined weight of massive share lockups as well as signs of a weakening advertising business at the social network.
In morning trades, Facebook (US:FB) shares fell more than 4% to $18.31. This represented an all-time low for a stock that has steadily been losing ground since its high-profile IPO in May, with the company’s market value now less than half the level set by its debut price of $38 per share.
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Full story here.
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