NEW YORK (
(FB - Get Report)
was a big loser in premarket trading on Wednesday, slipping 1.91% to $19.84.
Early on Wednesday,
that the social networking phenomenon fought the
Securities and Exchange Commission
to keep risks related to its mobile business hidden prior to its IPO earlier this year. Facebook has not yet responded to
request for comment on this story.
(NFLX - Get Report)
, which closed down 10.87% on Tuesday, rose 0.92% to $66.13 early Wednesday. In a statement released after market close on Tuesday,
(MSFT - Get Report)
announced that Netflix CEO Reed Hastings is
from the software giant's board.
"I've decided to reduce the number of boards I serve on, so that I can focus on Netflix and on my education work," noted Hastings in the statement.
Microsoft shares dipped 0.14% to$29.24 in premarket trading on Wednesday.
(AAPL - Get Report)
, which is rumored to be planning an iPad Mini launch for later this month, crept up 0.37% to $638.01.
--Written by James Rogers in New York.
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