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Facebook stock drops below $19, half of IPO price

Facebook's beleaguered stock has lost more than half of its value since its initial public offering three months ago. Facebook Inc. hit a new low of $18.75 before bouncing back to $19.01 - down 4 cents - in morning trading Monday. The social networking icon's much-anticipated IPO turned sour amid technical problems on the NASDAQ stock market and high expectations. The stock has not surpassed its $38 IPO price since its first trading day.

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Facebook share price falls below $20

Facebook’s stock price reached a new low Thursday as shares of the world's largest social network fell below $20 for the first time, down by nearly half from its $38 initial public offering price.

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