- GOP hopes taking shutdown off the table with budget deal will pay dividends
- Chinese Death Star: The moon cited as the perfect launch pad for ballistic missiles
- Help wanted: Homeland Security plagued by vacancies at the top
- We are not amused: Queen’s protection officers warned to keep ‘sticky fingers’ off the royal cashews
- Unleash the crossbows: Gov. Scott Walker creates new hunting season
- Bubonic plague kills 20 in Madagascar
- G-20 diplomats fell for hacker attack promising nude photos of former French first lady Carla Bruni
- Minnesota guardsman charged with stealing private soldier data for fake IDs
- Florida appeals court rules universities can’t regulate guns
- Vladimir Putin defends Russian conservative values
Facebook stock rebounds after dropping below $19
NEW YORK (AP) - Facebook’s beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day.
Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by the time the stock market closed. That’s up 96 cents, or 5 percent, for the day.
The social networking icon’s much-anticipated IPO turned sour amid technical problems on the Nasdaq stock market and high expectations. The stock has not surpassed its $38 IPO price since its first trading day.
Investors are worried about Facebook’s ability to grow revenue quickly, especially through mobile advertising as users flock to smartphones and tablet computers. There are also looming expirations of the IPO lock-up periods. Lockups preventing many Facebook employees from selling stock expire this fall, potentially flooding the market with more shares.
By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
- House votes for bargain to end budget drama
- Obama's Afghanistan experts stumped on U.S. death toll, war costs during hearing
- NAPOLITANO: A conspiracy so vast
- Inside China: Ukraine gets nuke umbrella
- Echoes of Cold War in Ukraine as Russia battles Western influence
- Somber duty: U.S. presidents in hot demand at Mandela's memorial
- Obama takes 'selfie' at Mandela's funeral service
- North Korean dictator stuns world with uncle's execution
- 80 people publicly executed across North Korea for films, Bibles
- Atheists smug as Hindus join Satanists to demand display at Oklahoma Statehouse
Independent voices from the The Washington Times Communities
Consummate traveler Todd DeFeo explores the unique stories that make destinations worth going to.
Covering the world of soccer, including the World Cup, Major League Soccer, D.C. United and the English Premier League and other interesting sporting events.
Born in 1930 in rural Missouri, Charles Vandegriffe, Sr., brings his time and place to the Communities.
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow