“Shares in the emblematic social network Facebook will fall to $5 a share soon, well below the $38 price set prior to the company’s May initial price offering, libertarian commentator Tom Winnifrith wrote in The Christian Science Monitor.
Today, shares are hovering just over $19 a share.
Winnifrith blames the expiration of lock-up periods — which require shareholders to hang on to their stocks for a set period after going public — for the coming plunge.”
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