Facebook stock plummets to record low

Social networking site loses millions as shares dip to half its original value.

    The California based company founded by Mark Zuckerberg has seen its lowest dip in investor confidence after shares sank to 6.3 per cent.

    The Palo Alto based social networking website went public in May this year with shares debuting at $38.

    But early investors pulled out their funds on Thursday sinking the value of shares down to nearly 50 per cent.

    Al Jazeera's Dominic Kane has more.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    More than 300 people died in Somalia but some are asking why there was less news coverage and sympathy on social media.

    The life and death of Salman Rushdie, gentleman author

    The life and death of Salman Rushdie, gentleman author

    The man we call 'Salman Rushdie' today is not the brilliant author of the Satanic Verses, but a Picassoesque imposter.

    The Beirut Spy: Shula Cohen

    The Beirut Spy: Shula Cohen

    The story of Shula Cohen, aka The Pearl, who spied for the Israelis in Lebanon for 14 years.