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.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Here comes the Pentagon's newest space plane
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- What the Middle Ages can tell us about the GOP's big charity myth
- The real story behind Deliver Us From Evil
- Extreme haunted houses: Inside Halloween's most terrifying new trend
- Did the media get Ferguson wrong?
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- 6 things the happiest families all have in common
Subscribe to the Week