Current Issue
This Month's Print Issue

Follow Fast Company

We’ll come to you.

1 minute read

Fast Feed

Facebook Share Price Slides Again

News updates all day from your Fast Company editors.

Facebook Share Price Slides Again

Trading in stock options for Facebook began yesterday, but instead of being a positive move for the social network it created a very negative moment in Facebook's timeline because the share price continued its downward spiral from last week and the price slipped below $30, to a low of $28.84. This means nearly one third of the company's value has vanished. Investors are, according to the Wall Street Journal, betting that Facebook's price has further to fall amid uncertainty about the hype surrounding the IPO and the company's prospects for converting its user's social activity—particularly in the mobile domain—into cash. Meanwhile stories suggesting the company is investing in making a more Facebook-centric smartphone, recruiting ex-Apple staff to help, support a more complex interpretation of the company's future. Facebook has declined to comment.

To keep up with news like this check our main Fast Feed page through the day.