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SAN FRANCISCO (AP) — Facebook’s stock plunged to a new low Thursday as some of the social networking leader’s early backers got their first chance to sell their shares since the company’s initial public offering (IPO) went awry.
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CHAIRMAN REID HOFFMAN

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abtest

Facebook hits new low as IPO lock-up ends

August 18, 2012 - 12:00am

SAN FRANCISCO (AP) — Facebook’s stock plunged to a new low Thursday as some of the social networking leader’s early backers got their first chance to sell their shares since the company’s...

Business