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Facebook stock can't catch a break, drops below $20, lowest point ever

Facebook stock hits an all-time low of $19.82 as news keeps getting worse for investors

| Business, Financial & Legal News | Posted: Aug 2, 2012 8:29 pm

The news just keeps getting worse for investors who purchased Facebook stock. Facebook stock has been in a continual decline ever since they reported their second-quarter earnings last week. Today, it has hit an all-time low of $19.82, according to Google Finance.

 

TweakTown image news/2/5/25135_1_facebook_stock_can_t_catch_a_break_drops_below_20_lowest_point_ever.jpg

 

The stock hovered around $20, with occasional dips below and, at the time of writing, is currently at $19.88. For a bit of perspective, a stock price of $19 dollars would put the stock at exactly half the IPO offering price of $38.

 

Yesterday, Facebook closed at $20.88, $0.04 above its lowest closing price of $20.84. It looks as though today could change that lowest closing price record.

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