Facebook shares sink again, hit new low

By msnbc.com staff

Shares of Facebook, still reeling from a botched IPO on May 18, tumbled again on Tuesday, shedding about 9 percent?to hit a new low at $29 a share.

That's down about 23 percent from its public offering price. The market value of the company, whose?IPO was heavily hyped?but plagued by glitches, has shed about $20 billion, according to Reuters.

Tuesday was the first day of trading for Facebook options, which may have contributed to the?pressure on the shares and increased volatility.??

The company was also beset by a bevy of rumors,?including?one that it was in talks to acquire?Israel-based face recognition company, Face.com?for up to $100 million. There was also talk that?it was eyeing?Oslo-based Opera Software.

Reuters contributed to this report.

Dads, are you feeling pressure to do it all?

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If the stock wasn't volatile enough since the IPO, investors can now trade options in Facebook, reports CNBC's Kayla Tausche.

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