Facebook shares tumbled to a new all-time low on Tuesday, hitting $19.69 in early trading, after the expiry of a lockup period that released more shares into the market.
The increased availability of shares has added to investor concerns about the social media giant’s growth prospects and its ability to monetize its user base effectively.
Several factors have contributed to the stock’s decline:
- Concerns about mobile monetization
- Competition from other social networks
- Overall market volatility
Analysts are closely watching Facebook’s performance and its strategies for addressing these challenges.
The next earnings report will be crucial in determining whether the company can regain investor confidence.
