Facebook's stock has disappointed investors who snapped up shares in the social networking company's May 18 IPO.
Starting Thursday, company insiders are cleared to offload their stakes in the empire they built, or they can continue to hold on to their shares for the longer haul. Will they flee the stock or stay?
Facebook Inc. lost $1.20, or 6%, to $20 a share shortly after the opening bell as more than 271 million new shares became eligible to trade in the stock market.
The Dow Jones industrial average and the broader Standard & Poor's 500 index, meanwhile, were down slightly but essentially flat in early trading. The tech-focused Nasdaq was up 5 points, or 0.2%, to 3,035.