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Facebook's stock continues to fall on second day since IPO
Facebook's second day of public trading has seen the social networking giant's shares continue to plummet.Facebook went public last Friday, and though the stock opened strong around $42 (£26) ($4 (£5) over the initial price of $38 (£24)), it ended on a weak note ($38.23, only 23 cents over the IPO) by the time the bell sounded on Wall Street.Today marks day two of Facebook's trades, and the price has continued to fall. By early afternoon it had fallen to $33.81 (£21), more than 11 percent below the IPO.At the...
Published By: Tech Radar - Monday, 21 May, 2012
