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Lock-Up Period

A sign welcoming Facebook is flashed on a screen outside the NASDAQ stock exchange at Times Square in New York, May 18, 2012. (Emmanuel Dunand/AFP/GettyImages)

Hopes For California Facebook Windfall Sink As Stock Slides To All-Time Low

Shares of Facebook plunged to all-time lows after early investors and insiders were allowed to sell their shares Thursday, dimming California’s hope for a capital gains windfall that would help balance the state budget.

08/16/2012