Facebook stock plummets to record low | News | Al Jazeera

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


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