Facebook stock slide deepens as investors reassess company potential

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Facebook stock slide deepens as investors reassess company potential NEW YORK, N.Y. – Facebook’s newly public stock is sliding further on its third trading day as investors reconsider how much the social network is worth.The Menlo Park, Calif., company’s long-anticipated initial public stock offering raised US$16 billion, valuing the company at $104 billion — more than Amazon.com Inc., at $98 billion. Google Inc., meanwhile, is worth close to $200 billion.But the stock has plunged after the IPO. Facebook’s shares are down 71 cents, or 2 per cent, to $33.32 in late morning trading Tuesday, after dropping as low as $30.98 earlier in the day. That values the company at about $91 billion.Shares sank 11 per cent to $34.03 on Monday. The stock priced at $38 in its IPO late Thursday. by The Associated Press Posted May 22, 2012 11:44 am MDT read more

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