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Facebook stock takes a dive

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Updated: 5/29/2012 5:41 pm
SAN ANTONIO - Mark Zuckerberg cannot be "liking" the status of his Facebook stock.

The price on Wall Street for the social media giant closed on Tuesday at $28.84.

That is down 24% from the initial public offering price of $38.

Facebook went public just 11 days ago.

Shareholders are now suing Facebook over information they say was not released by the company.
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The views expressed here do not necessarily represent those of News 4 WOAI (WOAI.com)

gofigure - 5/29/2012 6:35 PM
2 Votes
i hope it bottoms out at a $1.50

Canaandogsrule - 5/29/2012 6:15 PM
0 Votes
Not dumb enough to buy any koolaid from that stand. Anybody every hear of My Space? That's about where Facebook will be in 5 years. Last year's news.....
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