Facebook Shares Slide Below $20 For First Time In Weeks

Facebook Shares Slide Below 20 Dollars Again

Facebook shares couldn’t hold onto their recent rebound and fell below $20 in early trading on Wednesday, marking the first time in weeks that the social networks shares have slid below the $20 sell point. Shares were selling at $19.80 in early morning trading.

Shares at the social network have been on the decline for the last week after Barron’s claimed Facebook stock should be priced around $15 to avoid overvaluation.

Facebook stock prices have also been hurt by an IDC report in which most developers claimed a mobile-first startup in the social network space, along the lines of Path would “likely to very likely” steal market share from Facebook.

$19.80 is still better than the company’s all-time low of $17.55 which was reached at the start of this month. The company’s investors eventually pushed share prices to $23 after CEO Mark Zuckerberg said he would not sell any of his own stock for at least one year.

At current stock prices Facebook CEO Mark Zuckerberg is worth $10.1 billion, far less than his $19.1 billion in wealth at the time of the company’s $38 per share IPO.

Here is a historical look at Facebook share prices:

FB Chart

FB data by YCharts

James Kosur

James Kosur has worked in the new media space for the last 10 years, helping many publications build their audiences to millions of monthly readers. He currently serves as the Director of Business Development at Business2Community.com and the CEO of Aven Enterprises LLC.


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