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Facebook will be offering an additional 85 million shares.
Facebook stock fell quickly this morning before regaining ground.
Mark Zuckerberg’s fortune just dropped over $2 billion dollars as shares of Facebook stock dropped below their initial $38 IPO price.
Facebook shareholders have filed a lawsuit against the social network and its CEO Mark Zuckerberg.
Botched market launch adds to an already bad week for Facebook.
Facebook's value has fallen from an estimated $104 billion to $61.98 billion since the company went public.
Fidelity, a major initial investor in Facebook, has sold 1.9M shares of its stock in the social networking site.

Facebook founder and CEO Mark Zuckerberg delivers the opening keynote address at the f8 Developer Conference April 21, 2010 in San Francisco, California.

Justin Sullivan