Facebook Drops Below $30, Hits New Lows – ValueWalk Premium

Facebook Drops Below $30, Hits New Lows

On Tuesday, Facebook Inc (NASDAQ:FB) kicked off the new week with its shares dropping more than five percent and hitting new lows in the company's brief tenure as a publicly traded company.

In the market's first hour of trading, shares dropped below $30. Since going public on May 18 at $38 per share, the stock has seen about 21% of its value wiped away.

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