Facebook’s stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company’s initial public offering in May.
Online game maker Zynga is falling sharply in after-hours trading after the San Francisco company reported an unexpected loss in the second quarter.
More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple’s breakneck growth rate to slow.
Netflix says its second-quarter earnings plunged 91 percent amid a slowdown in subscriber growth.
Relentlessly gloomy reports about the health of the world economy rocked Wall Street on Thursday, with San Ramon-based Chevron among the Dow’s leading decliners.
It’s been a month since Facebook’s IPO fell flat and in that time, the market for initial public offerings has collapsed.
The stock increased $1.40, or 4.7 percent, to close Monday at $31.41. That’s still down 17 percent from Facebook’s IPO price of $38. Facebook began trading on May 18.
The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public.
The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It’s 32 percent below its initial public offering price of $38. It’s the stock’s lowest closing price to date. Earlier Tuesday, it went as low as $25.75.
Shares of Facebook Inc. slid 82 cents to close at $26.90, after briefly trading as low as $26.44. The previous low for the closing price was $27.72, on Friday.