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Facebook stock hits all-time low as insiders get first chance to sell

Facebook stock hits all-time low as insiders get first chance to sell

By Julianne Pepitone @CNNMoneyTech August 16, 2012: 9:49 AM ET

NEW YORK (CNNMoney) -- Facebook's life as a public company has been a nightmare from day one, and the pain continued on Thursday as some company insiders got their first chance to dump shares.

Facebook stock fell nearly 7% Thursday morning, hitting a new intra-day low of $19.69. By 11 a.m., shares were holding around just under $20.

About 22 million shares changed hands in the first 10 minutes, and within the first hour-and-a-half, that volume soared to 78 million. About 271 million shares are newly eligible for sale Thursday.

Read more: http://money.cnn.com/2012/08/16/technology/facebook-stock-lo...



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I'm skeptical

I wonder who is on the other end that will he buying up the cheap stock? May be time to buy.

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

Billionaire Soros Buys

Billionaire Soros Buys Tanking Facebook Shares

http://finance.ninemsn.com.au/newsbusiness/8517169/billionai...

Blessings )o(

Well well well

What do you know.....there it is

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.