Monday September 28, 2020

Facebook shares fall as much as 14%

UPDATE: Shares in social networking site Facebook fell as much as 14 per cent in New York today.

21st May, 2012
Facebook's debut on New York's Nasdaq.

Shares in social networking site Facebook fell below its $38 offer price in early trading in New York today.

The company raised $16 billion in its initial public offering on Friday but its shares dropped 11 percent to $33.88 a short time ago in New York, after earlier declining as much as 14 per cent to $33.

“There are only so many people that are going to buy into a hyper-growth story,” Bloomberg reported Michael Pachter, an analyst with Wedbush Securities...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago