10 things you need to know today: August 17, 2012

A mine massacre rocks South Africa, Russian punk band found guilty of hooliganism, and more in our roundup of the stories that are making news and driving opinion

Supporters of the jailed feminist punk band Pussy Riot demonstrate outside the Russian embassy in London on Aug. 17. Three members of the band were found guilty of hooliganism on Friday for a
(Image credit: Dan Kitwood/Getty Images)

1. FACEBOOK SHARES PLUMMET TO NEW LOW

The price of Facebook stock plummeted to a new low on Thursday as early investors were freed to cash in on their stakes. The sell-off of shares that had been locked up since the company's IPO left the once-prized stock below $20, a decline of nearly half of the original offering price of $38. Facebook Chief Executive Mark Zuckerberg, who once brushed off concerns about the company's falling stock price, conceded in a message to employees that it was "painful" to watch the swoon. And more Facebook shares will flood the market in coming months as lock-ups end on another 1.4 billion more shares. [Wall Street Journal]

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