Facebook Tumbles After Bernstein Questions Owning Shares (VIDEO)

http://www.bloomberg.com/news/2012-06-04/facebook-drops-after-bernstein-sets-25-target-price.html



Facebook Inc. (FB), the world’s biggest social-networking company, tumbled to a record intraday low after Sanford C. Bernstein & Co. initiated coverage with an underperform rating and a $25 target price.

The shares fell 3.4 percent to $26.79 at 10:14 a.m. in New York, and earlier touched $26.57, the lowest intraday price since the stock began trading at $38 on May 18.