Trending Stories: Facebook Shares Hit All Time Low
Facebook (FB) shares fell to a new low earlier today when the stock traded at $19.95/share at 11:15 a.m after investors had their first opportunity to dump some 270 million shares. With the share dropping to an all time low, the social network is going to have to work even harder to convince investors that their ad model is ready for prime time. As of right now, no one is buying it. This new drop could offer potential investors a chance to get in at nearly half it’s IPO stock price. Others may be waiting to see how low things go before jumping in the mix.