Facebook share price continues to slide

Shares in social networking site now less than half float value just three months after making debut.

    Facebook's share price continues to tumble, down from $38 in May when the social networking company went public to less than $19.

    Many Wall Street analysts say the share was priced too high for the money Facebook was making.

    Al Jazeera’s Scott Heidler reports from New York.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.