Posted Aug. 16, 2012 at 7:11 p.m.

Premium Lock Facebook shares plunge to new low as shares flood market

Published: 2012-08-16 19:11:00
Updated: 2012-08-16 19:11:00

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The prospect of more stock sales means Facebook will need to work even harder to convince investors that it deserves a higher price, relative to earnings, than all of its U.S.-based competitors, except for LinkedIn Corp. The shares freed up today make up only 14 percent of the 1.91 billion that will be available for sales in the coming nine months....

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