Facebook share price continues to fall

Having seen $10bn wiped off its value yesterday, Facebook has again got off to a troubled start on the markets today.

Following its acquisition of Oculus for $2bn on Tuesday night, Facebook saw a seven per cent decline in its share price throughout yesterday, falling from $64.65 at the start of play to $60.39 at the close.

Upon opening today the price plummeted even further – down to as low as $58.40, although it has since recovered to $60.07, representing a further decline of 0.5 per cent today.

Facebook shares reached their peak value earlier this month when on march 10th they hit $72.03.

About MCV Staff

Check Also

Ubisoft employees condemn the industry’s “culture of abuse” in open letter, accuse Yves Guillemot of “sidelining” their demands

"Ubisoft continues to protect and promote known offenders and their allies"