The saga of Facebook’s disappointing IPOcontinued 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 to come. –Mashable