Thursday was the first day that major investors in Facebook could sell their shares — and one company did just that. Accel Partners, one of the earliest investors in the social network, reportedly sold 50 million shares of Facebook (total worth: roughly $1 billion). Others could follow suit soon. Facebook’s stock, which closed Wednesday at $21.20 per share, fell to $19.87 when the closing bell rang Thursday.
With 36 percent of its population active on the network, the United Arab Emirates shows the highest proportion of its inhabitants on Facebook among Arab-land countries, according to an Arab social media report prepared by the Dubai School of Government, as reported by Mashable.