Saturday, August 4, 2012

Facebook’s stock price plunged to a new low on Thursday, dipping for the first time below $20 almost half the price it debuted at in May.

The latest figures put the company’s market cap at around $43 billion a far cry from the $100 billion-plus valuation that had been touted prior to the IPO. However, since the company went public, investors have increasingly fretted that the company is poised to lose revenues as users migrate to mobile platforms.