Facebook Stock
Facebook Stock
Facebook Stock

Facebook’s stock price hit a record low Thursday, sinking to nearly half its IPO price, as insiders became eligible to sell the first batch of shares that had been “locked up” by trading restrictions since the company’s stock market debut. With investor confidence continuing to fall, experts said the price of shares in the world’s leading social networking company could decline further if employees and early backers flood the market with more stock when additional lockups expire in coming months. Thursday’s trading was “not a good sign,” said Trip Chowdhry of Global Equities Research. Read the full story at Mercury News.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.



PreviousShelly Palmer Radio Report - August 17, 2012 NextTwitter's API Changes: What's In It for Users

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.