UPDATED 13:54 PM EST, November 14, 2012
NEW YORK (AP) — Facebook's stock is up more than 7 percent despite expectations that it would fall because more than 850 million additional shares in the company are being freed up for sale.
Shares of Facebook Inc. are up $1.47, or 7.4 percent, at $21.33. Facebook went public in May at $38 in a much-hyped IPO that turned out to be a letdown for investors. Its stock price hasn't hit $38 since.
