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Facebook Stock Slides In After-Hours Trading Following Acquisition Of Oculus Rift
Wall Street doesn’t like what it sees. Facebook’s stock price is dropping in after-hours trading after the company announced its purchase of virtual reality startup Oculus Rift. The stock, which closed up on the day, is now under its open price of $64.25, resulting in a loss of $1.5 – $1.8 billion market cap.