Facebook Drops as Employees Sell Shares

Facebook's stock fell on Wednesday after its employees were able to sell shares for the first time.

The lockup period expired on 229 million shares, which caused the stock to drop more than 4 percent earlier in the day, on higher-than-average volume, though it has recovered a bit.

The lockup period officially expired on Monday, but with the markets closed due to Hurricane Sandy, this is the first time employees have been able to sell. (Read More: .)