CUT IN HALF: Facebook's stock fell to $19 for the first time on Friday, losing half its market value since the company's initial public offering in May. THE DETAILS: It was a 4 percent drop to hit $19 just minutes before it closed the trading day at $19.05. Facebook's shares ended the week down nearly 13 percent. MILESTONE: A day earlier was the expiration of a lock-up period that had previously prevented some early investors and insiders from selling their shares.
News Summary: Facebook falls to half of IPO price
— Aug. 17 5:20 PM EDT
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A Facebook worker waits for friends to arrive outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)
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German tourists who use Facebook, take pictures outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)
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