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
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- The Hobbit: A disappointing set of movies, but a worthy set of prequels
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- Dick Cheney's America is an ugly place
- How to make the ultimate grilled cheese
- The age of miracles is over — even for the religious
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- The liberation of Barack Obama
- What the media gets wrong about Jeb Bush
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