Facebook share price continues to fall
May 23 , 2012
Facebook shares fell a further 9 percent on Tuesday following reports of legal action and concerns over the disclosure of information to investors.
Technical problems at the Nasdaq Stock Exchange on Friday disrupted Facebook's first trading day.
The social network’s market debut was delayed by half an hour and orders to buy or sell shares were disrupted.
Maryland resident Phillip Goldberg is seeking class-action status on behalf of investors who claim to have lost money due to the technical glitches.
Facebook shares were launched at $38 each on Friday and have fallen by nearly 20 percent since Monday. The shares are now worth $31 each.