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Facebook shares drop as employees sell
 
The Facebook "like" symbol at the company's headquarters in Menlo Park, Calif.: The social network is reportedly testing a new button that would appear on websites for retailers like Pottery Barn, giving users the option to "want" items and make them show up on their News Feed.
The Facebook "like" symbol at the company's headquarters in Menlo Park, Calif.: The social network is reportedly testing a new button that would appear on websites for retailers like Pottery Barn, giving users the option to "want" items and make them show up on their News Feed.
Justin Sullivan/Getty Images

Facebook's stock fell on Wednesday as employees of the social networking site were able to to sell their shares for the first time. The lockup period expired for 229 million shares on Monday, but since the markets were closed for two days due to Hurricane Sandy, this was employees' first chance to sell. Facebook's share price dropped more than 4 percent earlier in the day, though it has recovered a bit since. Facebook shares are down more than 40 percent since the May IPO.

 

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