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May 21, 2012

FACEBOOK: STOCK PLUMMETS BELOW IPO .. UH OHHHHH!!!

(Reuters) - Facebook stock sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday afternoon. Shares ofFacebook (FB_), which made a shaky public debut on Friday, were diving on Monday, breaking below their offering price of $38 each and losing more than 10%.

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Posted at 09:08 AM in BREAKING NEWS, BUSINESS NEWS, Current Affairs, Entertainment News, Tech news, Technology News |

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