Facebook Shares Tumble to New Low

    NEW YORK, NY - AUGUST 16:  A news ticker announces the falling share price of Facebook in Times Square on August 16, 2012 in New York City. Shares of Facebook fell today on the Nasdaq stock exchange on the first day insiders were allowed to sell their shares. (Photo by Mario Tama/Getty Images)

    Mario Tama / Getty Images

    The slump continues. After plummeting earlier in the month, Facebook shares dropped to a new low Friday morning. Shares fell more than 4 percent to an all-time low of $18.23—about a 52 percent drop from its initial public offering on May 18. The reason for the tumble? Concerns are mounting about a slowdown in spending on advertising and the risks ahead as several lock-up expirations in the next year threaten to weigh on the stock.

    Read it at Reuters