Facebook shares fall to $19.82

Facebook’s share price is down to an all time low of $19.82 after the company announced that 83 million of the social network’s 995 million profiles are fake.

Having started at $38 on 18 May following its much-talked-about IPO, Facebook shares were down to $34.03 by 22 May, $25.87 on 6 June and $23.94 on 27 July.

One of the few successful digital media IPOs is LinkedIn. Its opening share price was $83. On 18 May 2012 its price was $112.

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