Facebook stock has been dropping faster than Chad Johnson’s football career. The company’s shares took another painful decline this week as the ban on selling was lifted on early investors in the company. The shares are now about 50% of what they were when the company first went public, leading to mass panic among those who were once fighting to get in on the ground floor of the company.
Even Facebook Chief Executive Mark Zuckerberg is acknowledging that the steep decline is hurting his employees. He once basically laughed it off, but now he has to take the matter more seriously. The stock is trading around $19 per share after starting off at $38.23 in the Initial Public Offering.