Facebook Stock Price Drops Below $20

Facebook's stock price plunged to a new low on Thursday, dipping for the first time below $20 -- almost half the price it debuted at in May.

The latest figures put the company's market cap at around $43 billion -- a far cry from the $100 billion-plus valuation that had been touted prior to the IPO. However, since the company went public, investors have increasingly fretted that the company is poised to lose revenues as users migrate to mobile platforms.

SEE ALSO: The Stock Is Down But the Sky Isnt Falling for Facebook

Bonus: A Timeline of Facebook's IPO

Image courtesy of iStockphoto, daveporter, and Flickr user Anirudh Koul.

More About: Facebook, nasdaq, trending