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Facebook Down 50% from IPO

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  • Description

    FBN’s Robert Gray on Faceook shares falling to a record low.

  • Duration 0:51
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I'm Robert -- with -- Fox Business -- Wall Street rounding out the day on -- high note -- -- three major averages bidding do we get the green.

The Dow Jones Industrial Average and the S&P 500 opposing their sixth weekly gains.

Well it's official investors in Facebook's initial public offering have lost half of their money.

Shares of the social -- -- fell to a record low of nineteen bucks a share today following the expiration of the stocks first post IPO lock up.

Faced with made its Wall Street debut at 38 dollars a share on May eighteenth.

And retired baseball player -- Murray has settled insider trading charges with the Securities and Exchange Commission.

-- two others were charge -- buying shares of the California medical device company advanced medical optics ahead of the public takeover bid by Abbott labs.

And that is the latest from the Fox Business network's giving you the power to prosper.

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