Facebook’s shareholders can’t catch a break.
The company’s stock today is trading down to $29.44,
shedding $2.46, or about 8 percent, of its market-opening price. The
decline comes the same day trading on Facebook was opened to the options
market. According to Dow Jones, about 162,000 Facebook options were traded by 9 a.m. PT this morning.
Facebook’s continuing decline has struck fear among investors, who
wonder how low the company’s shares might fall. Facebook went off
earlier this month at $38, only to watch its stock plummet in subsequent
days. At its current price, Facebook shares are down more than 23
percent since the IPO.
