(Washington Post) Facebook shares dipped to a new low Thursday as the company unlocked 271 million shares for trading. The stock dipped below the $20 mark for the first time Thursday. By mid-day, shares were hovering just below that mark — a drop of nearly 6 percent from the day’s open and nearly 50 percent from its initial offering price of $38.
The company has had a rough time since going public and has never recovered from its glitch-plagued opening day.
As the Associated Press reported, Facebook has been down on 36 trading days, up on 25 and unchanged on one since going public.
