Facebook jumps on biggest lock-up expiration day

NEW YORK — Facebook’s stock is up more than 7 percent despite expectations that it would fall because more than 850 million additional shares in the company are being freed up for sale. Shares of Facebook Inc. are up $1.47, or 7.4 percent, at $21.33. Facebook went public in May at $38 in a much-hyped [...]

Read more: http://thedailyrecord.com/2012/11/14/facebook-jumps-on-biggest-lock-up-expiratio...
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