Shares in newly-floated social media giant Facebook dived over 13% today as investors sold off stock following what had been one of the most anticipated IPOs in recent years.
Shares in the company tumbled 13.4%, losing $5.07 to $33.19 in early trading, as investors questioned whether the company's growth prospects could justify the giant market capitalisation set on Friday....
To continue reading this article...
Join Investment week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
26 July 2021
•
2 min read
