Senior Executives Flee Facebook as Stock Sinks 5% to below $20

Posted by Knowlton Thomas

Facebook's fall has been steeper and faster than even the harshest critics predicted when it went public in May.

The social network's stock is down nearly 5% today, sinking to a new low under $20.

The company just revealed that 9% of its users' accounts are fake. And to make matters worse, Mark Zuckerberg's senior executive team is thinning out. Katie Mitic and Ethan Beard both announced they are leaving Facebook. Ethan, who was the company's director of platform partnerships, is leaving "to start a new venture."

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more



Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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