Facebook’s stock price fell to an all-time low Thursday as the first part of a so-called “lockup” period for key investors in the company came to an end.
By afternoon trading Thursday, Facebook’s stock price was down over 5 percent at $20, having fallen 7.1 percent to an all-time low of $19.69 in mid-morning trading. Facebook stock price has now lost 48 percent of its value since its debut in May at a $38 offering price.
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