Five Companies That Dropped The Ball This Week

Facebook Shares Head South As Lockup Period Expires

Facebook insiders jumped at the chance to sell their shares in the social network, as the "lockup period" that had prevented them from doing so expired. Facebook shares fell to $19.76 at one point, almost half the company's May 18 IPO price, and 42 million shares were sold in just the first hour. While not unexpected, the Facebook sell-a-thon is the latest bit of alarming news for the company.

Get the latest channel news to your inbox every morning with the CRN Daily newsletter.