The saga of Facebook‘s disappointing IPO continued on Tuesday as the company’s stock price for the first time dipped below $30.
The impetus for the dive was unclear. As the price of Facebook fell, the Nasdaq and the Dow were both up slightly. The latest shift comes after Facebook’s stock gained a mere 23 cents on its debut on May 18. Since then, the stock price fell, but leveled out at around $32 before hitting a new low on Tuesday.
[More from Mashable: The Stock Is Down But the Sky Isn’t Falling for Facebook]
More to come.
Image courtesy of iStockphoto, AUDINDesign
[More from Mashable: Facebook Trivia: 10 Things You Didn’t Know About the Social Network]
This story originally published on Mashable here.
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