Facebook shares drops below 20 USD

by Imtiaz on August 2, 2012

in News

Facebook shares set a new milestone as its stock went down to touch 19.99 USD per share. This is lowest value for the Facebook shares since its IPO. Definitely this new milestone it is not a celebration for Mark Zuckerberg. Based on the current situation the net worth of Facebook is now than $44.6 billion which is below what was offered to Yahoo by Microsoft in year 2008. After the Facebook IPO on May 18, its shares were priced around 42 USD. Facebook is facing a financial upset in the stock market with this new record low value of its shares. The Facebook shares has now lost almost half of their value since their initial public offering within two and half months.

 

 

More about this can also be read on Fox Business

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