Facebook Shares Drop 5 Percent As Employee Lockup Expires

At market opening today, Facebook took another hit, with shares trading at 20.94, 5.02 percent below Friday's level, the last day trades were made since Hurricane Sandy barreled over the East Coast. Today, 234 million Facebook shares (NASDAQ:FB) held by employees are now eligible to be sold on the market thanks to a stock-lockup expiration.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/iaQXLDjBLDQ/

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