Facebook stock continues to slide


Facebook's newly public stock is sliding further on its third trading day as investors reconsider how much the social network is worth.
The Menlo Park, Calif., company's long-anticipated initial public stock offering raised $16 billion, valuing the company at $104 billion -- more than Amazon.com Inc., at $98 billion. Google Inc., meanwhile, is worth close to $200 billion.
But the stock has plunged after the IPO. Facebook's shares are down 71 cents, or 2 percent, to $33.32 in late morning trading Tuesday, after dropping as low as $30.98 earlier in the day. That values the company at about $91 billion.
Shares sank 11 percent to $34.03 on Monday. The stock priced at $38 in its IPO late Thursday.
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