Facebook’s market capitalisation continued to be challenged by persistent scepticism

Tuesday, 22 May 2012
The social network, Facebook continue to see its stock price continued to fall during Tuesday pre sales. This follows the collapse of 11 percent the day before.

By 14:45pm Swedish time, its shares had fallen by 3.3 percent to 32:90 U.S. dollars, compared with the introductory price at Friday's IPO of 38 USdollars.

Price drop means that Facebook's total market capitalization has fallen from around 104 billion US dollars to over 93 billion US dollars, or about Skr660 billion.
By Scancomark.se Team

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