The price of Facebook stock plummeted on Thursday amid worries that a rush of sales by early investors — such as Accel Partners and Goldman Sachs — who are now allowed to sell their shares, could create a surplus in the market. Shares of the social networking site fell more than 6 percent in early trading, reaching $19.69 — their lowest point since Facebook went public in May, and a decline of nearly half of the original offering price of $38.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- What is driving the increasingly weird behavior of the polar jet stream?
- 43 TV shows to watch in 2014
- How our botched understanding of 'science' ruins everything
- Should you hope to die at 75? Absolutely not.
- Christians have no moral rationale for spanking their children
- The science of sex: 4 harsh truths about dating and mating
- 6 things the happiest families all have in common
- Tony Blair: The Cassandra of the Middle East
- What would a U.S.-Russia war look like?
Subscribe to the Week