Fedex Cuts 1Q EPS Forecast to $1.37-$1.43 From Est. $1.56
By Ari Levy - 2012-09-04T21:20:30Z
Facebook’s shares have been marking record lows since the first lockup on share sales by insiders expired in August. Zuckerberg, who operates the world’s largest social-networking service, is facing investor concerns about how the website can generate more revenue from its growing user base.
Directors Marc Andreessen and Donald Graham also said they won’t be selling shares in Facebook, other than to settle tax obligations, the filing with the U.S. Securities and Exchange Commission said.
Shares in Facebook rose as much as 2.9 percent in after- hours trading, up from $17.73 at the close in New York. Today’s closing price was the lowest since the Menlo Park, California- based company went public at $38 a share on May 17.
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