he 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
- 31 TV shows to watch in 2014
- Why atheism doesn't have the upper hand over religion
- 14 wonderful words with no English equivalent
- Attack of the invasive species
- What would a U.S.-Russia war look like?
- He said he was leaving. She ignored him.
- If a nuclear bomb exploded in downtown Washington, what should you do?
- How Captain America won over China
- 7 ways to quickly become a master at anything
- The world's dumbest idea: Taxing solar energy
Subscribe to the Week