Facebook Falls to Record on Revenue Concern: San Francisco Mover
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Facebook Inc. tumbled to a record low on concern that businesses are spending less to advertise on the world’s largest social-networking website.
The shares of Menlo Park, California-based Facebook declined 5.4 percent to $18.06 at the close in New York. The stock has lost more than half its value since Facebook sold shares at $38 apiece in an initial public offering on May 17.