Facebook Off 6% as Lock-up Breaks; Float Could More than Double
Shares of Facebook (FB) are down $1.31, or 6.2%, at $19.88 as the first of several “lockups” on the sale of shares by insiders expires. The stock briefly hit a new all-time low of $19.76. According to the company’s 10-Q filing last month, out of the total 641 million “Class A” shares outstanding, 271 million [...]
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