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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
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'