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Facebook stock hits all-time low, drops below $20
The news just isn't getting better for Facebook shareholders, with the stock dipping below $20 a share for the first time since the May IPO.
Facebook's stock is dropping again, this time hitting an all-time low of $19.91 today.
The social-network company's stock price has been hovering around $20 a share, occasionally dipping under.
How bad is that? Well, $19 a share puts Facebook at half the value of its offering price of $38.
Facebook closed at $20.88 yesterday, but its lowest closing price to date is $20.84.
The stock has been on a continuous decline since Facebook reported second-quarter earnings last week.
