Facebook's stock closes below $30
Photo credit: AP | Facebook's stock priced at $38 in its initial public offering on May 18. Rather than a seeing a big first-day-pop, it closed just 23 cents higher the next day. (Oct. 11, 2011)
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Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month.
The stock fell $3.07, or 9.6 percent, to close at $28.84 on Tuesday. That's down 24 percent since its public stock debut. It went as low as $28.65 earlier in the day.
Facebook Inc. began trading publicly on May 18 following one of the most anticipated stock offerings in history.
The...
