Facebook stock plunges 9.1% as doubts rise again
Matt KrantzFacebook stock ended trading Monday 9.1% lower at $20.79 a share, as investors reacted to reports of a security bug and renewed their worries about the company's future.
Shares initially suffered Monday following a weekend report in Barron's, the weekly newspaper published by The Wall Street Journal, claiming shares of the No. 1 social networking stock are overvalued and could fall to $15 a share.
Later in the day, there was discussion on online news sites, alleging private messages were appearing online on users' public 'wall' pages. At one point, shares were trading 10% lower for the day.
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"Facebook stock plunges 9.1% as doubts rise again", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), septembre 2012. Consulté le 02/10/2023. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/facebook-stock-plunges-9-1-as-doubts-rise-again