Facebook shares down 13% as earnings disappoint
Facebook investors are bracing for yet another disappointing day on the Nasdaq.
The social network's shares are trading down 12.8 percent to $23.40 in premarket trading today. If this keeps up and the stock closes the day around that level, it would mark the stock's lowest per-share closing price since Facebook went public in May. Facebook's lowest closing price so far is $25.52.
Facebook's drop is due to a disappointing showing in the second quarter that saw the world's largest social network post a loss of $157 million on $1.2 billion … Read more