Facebook shares fall to new low

Press Association
Facebook
Facebook

Facebook (NAS: FB) shares have sunk to fresh lows after early investors were allowed to ditch the stock for the first time since its flotation.

The social networking giant's shares fell 6% on Wall Street on Thursday night to set a record low below 20 US dollars (£12.7) after investors who bought into the company before it went public were allowed to sell up to 271 million shares as a "lock-up" period expired.%VIRTUAL-SkimlinksPromo%