Investors flocked to the options market to protect shares of Facebook Inc. (FB) from more losses, making contracts on the social network website the most popular among the biggest initial public offerings in the last decade.
Remember when Facebook was the hot new thing on the Web? Now it's king of a dying medium, and Molly Wood doubts it has the mobile chops to survive the disruption that's shaking the entire Internet. Read this blog post by Molly Wood on Molly Rants.
The slide in Facebook Inc. stock that has cost investors $25 billion may not end until the shares drop another 20 percent, leaving the company’s valuation on par with competitors that also do business over the Internet.
Facebook shares fell to a new low, extending losses from the worst-performing large initial public offering during the past decade to more than 24 percent. The stock fell 9.6 percent to $28.84 in New York, below the...
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