Facebook Shares continues to fall.
After a much hyped IPO, which later became disastrous, Facebook shares sank to a record closing low. Yesterday investors got the first opportunit
y to sell after the IPO. 270 million shares were available on trade yesterday, a massive number considering that the IPO was of 421 million shares.
The weight of expectation was huge on Facebook, but now the investors are disillusioned. As far as investors are considered Facebook is not doing anything to overcome the slow growth rate. Another big lot of shares are expected to be out in the market by the year end. In November the employees of Facebook also get a chance to sell the shares they are holding.
Facebook founded by Mark Zuxkerberg was the only US company to debut with a market value of more than $100 million dollars.