Facebook stock looks for bottom as execs head for the door

More troubles for social media powerhouse Facebook, reports Bloomberg, as the stock dips under $20 for the first time and two senior executives (who hopefully cashed-out some of their stock before it began its post-IPO decline) announced their departures.

(Click here to read: Facebook stock drops below US$20 as executives announce exits)

While it seems like difficult times for Mark Zuckerberg and Co., they can take solace that when the sequel to The Social Network is released, Aaron Sorkin will make their explanations for the underperforming stock very eloquent, at least.

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Jim Love, Chief Content Officer, IT World Canada
Jeff Jedras
Jeff Jedras
A veteran technology and business journalist, Jeff Jedras began his career in technology journalism in the late 1990s, covering the booming (and later busting) Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal, as well as everything from municipal politics to real estate. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada. He would go on to cover the channel as an assistant editor with CDN. His writing has appeared in the Vancouver Sun, the Ottawa Citizen and a wide range of industry trade publications.

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