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October 31 2012
Facebook Shares Drop 5 Percent As Employee Lockup Expires http://t.co/3RI1W949 #Facebook
October 31, 2012
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Facebook Shares Drop 5 Percent As Employee Lockup Expires
At market opening, Facebook took another hit, with shares trading at 20.94, 5.02 percent below Friday's level. Today, 234 million Facebook shares ( NASDAQ:FB) held by employee are now eligible to be sold on the market thanks to a stock-lockup expiration. Facebook's stock closed at 21.94 last Friday.
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