Livedoor Co.’s stock price skidded to 85 yen Thursday as individual investors stepped up selling of the Internet services firm, which was raided by prosecutors last month on suspicion of securities law violations.

On the Mothers market for startups at the Tokyo Stock Exchange, Livedoor stock lost an additional 9 yen Thursday after sinking below 100 yen the previous day, setting a new low since its last split in August 2004.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.