More Facebook Shares Hit the Market
August 16, 2012
If you're looking for new and exciting ways to lose money, Facebook has a great option for you. 271 million shares of the social media giant have been released, giving a new set of investors the opportunity to fail miserably. In trading today, the stock fell 6.3% to a closing price of $19.87—which is 48% below its initial public offering price of $38 in May.