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 AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.