Facebook stock slide deepens on 3rd trading day
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NEW YORK (AP) -- Facebook's newly public stock is sliding further on its third trading day as investors reconsider how much the social network is worth.
The Menlo Park, Calif., company's long-anticipated initial public stock offering raised $16 billion, valuing the company at $104 billion -- more than Amazon.com Inc., at $98 billion. Google Inc., meanwhile, is worth close to $200 billion.