Facebook Shares Hit Record Low Dropped More Than 7 Percent The shares of FaceBook’s have dropped down by 7.1 per cent after a lock-up period preventing some of the insider sales had come to an end. The largest social media network had gone public in the month of May in one of the most anticipated initial public offerings in many years that had gone by, with a starting sale of shares worth 421 million. But concerns about the valuation as well as the prospects of growth have hammered the shares, which closed on Wednesday at a value of 21.20 dollars, …