Facebook Stock Value Now Nearly Half of IPO After Two Months on Market

Facebook Logo 2011

Facebook Logo 2011

Fluctuating dramatically in the last week, shares end the week up 5.2 percent from an all-time low on Thursday.

Facebook had a rough week on the NASDAQ, closing at an all-time low on Thursday.

The value, $20.04 a share, capped off three consecutive days of record declines for the stock after first entering the market on May 18. Shares hovered below $20 throughout the day.

Friday saw Facebook stock rebound 5.2 percent to $21.09, but the figure is still 44.5 percent south of its IPO price. The Facebook IPO was just over two months ago at $42.05 a share, with the price eventually closing at $38.23.

The social network released its first quarterly financial report as a publicly traded company just over a week ago. Facebook posted a net loss of $157 million, reversing a profit of $240 million a year ago, without certain items its net income was $295 million.

"Our goal is to help every person stay connected and every product they use be a great social experience," said CEO Mark Zuckerberg at the time of the quarterly report.

Amid these losses for the company, online advertising remains healthy -- 24 percent over the year-ago frame to $9.5 billion -- and Facebook's share is expected to grow.