Facebook hits all-time low

Rappler.com

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Facebook has already lost almost half of its value since its debut in the stock market last May 18. On August 16, its stock hit an all-time low of US$19.69, and ended the day 6.3% lower at $19.87, according to BBC. This was triggered largely by company insiders dumping their shares as the first locked-up period, which stops sales by early investors, ended. Concerns have also been raised about Facebook’s revenue streams. Facebook’s biggest challenge now is to raise revenue out of mobile devices.

Read full story on BBC


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