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Business News Archive - May 30, 2012

Facebook Slump Continues As Shares Close Below $29

Shares of Facebook’s stock plunged nearly 10 percent on Tuesday, closing at $28.84, a 24 percent fall since the company’s initial public offering at a price of $38 per share on May 18.

Word of the Day
taphephobia
  • A morbid dread of being buried alive. Also spelled 'taphiphobia'.
The word 'taphephobia' comes from Greek roots meaning 'burial' and 'fear'.
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