Shares of FACEBOOK slides below USD 30

Shares of Facebook Inc (FB.O) slid to a new low on Tuesday at just above $30, extending their lose since May 18. Traders would have added more fuel to the fire with shorting of the stock in a turbulent market.

Latest : It has dropped to USD 29.54

Stock of the world’s No. 1 social network briefly skirted a record trough of $30.03 and was down 5.6 percent at $30.12 at midmorning. Facebook shares are now down more than 20 percent from their IPO price of $38.

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