Facebook fall could worsen as stock freed

FACEBOOK is braced for further falls in its value today as shareholders who invested in the company before it went public become able to sell shares for the first time.

Analysts are not predicting a firesale, with most of the unlocked shares owned by venture capital funds rather than Facebook staff, who are deemed more likely to sell over the next nine months when more shares can go on sale.

Facebook shares are trading at just over half the value of May’s initial public offering.