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Posted on 05/22/2012 2:39:39 PM PDT by illiac
No article as of this time. Right side of page at link.
Facebook's Zuckerberg sells 30.2 mln shares
7 min ago5:30 p.m. May 22, 2012 - Laura Mandaro
Facebook director Thiel sells 16.8 mln shares
7 min ago5:30 p.m. May 22, 2012 - Laura Mandaro
(Excerpt) Read more at marketwatch.com ...
There are 800 million active users on facebook. 800 million is a good percentage of the worlds population.
They are selling because they want the money.
Zuck owns about the same number of shares directly after todays sale, about 30+ million. His trush owns over 400 million shares. He needed some pocket change I guess.
“buy it lightly on the way down, when it hits 17, buy all it” Larry Wildman in the movie Wall Street. Seems appropriate here too.
That’s not what many people were saying back then. One billion revenue and a 25 billion market value? Crazy!
Facebook: Four billion revenue and a 100 billion market value? Crazy!
Lot’s of hype either way.
Who knows who is right this time?
He’s not out.
He simply sold a small fraction of his stock.
Can't let a good progressive company go down in flames while the world is watching.
Who cares what you would sit on? The point is they were wrong. Google has returned huge gains to it’s investors since it’s IPO.
I would have been shorting after the first day. It looked weak from the get go.
Prolonged Facebook stock slide could hurt California budget as state faces $15.7B deficit
PUMP. AND. DUMP.
It was at the IPO. This is not new. He didn’t sell 30 million shares Friday and another 30 million shares today.
Just the 30.2 million shares everyone was told he would sell at the IPO. The sale is to raise cash to pay the taxes. It is very common.
Link to form 4 database:
http://www.secform4.com/insider-trading/1326801.htm
Funny...sounds just like me talking about Facebook today :)
But I really don’t equate Google and Facebook, for a variety of reasons. I do equate Facebook with Myspace...
pump and dump meets smash and grab.
I said he personally still owned over 30Million shares, not that he sold 60 million.
That’s what they sold to the broker for. Must have had that deal with them that they’d buy for that
The underwriters. Exactly the kind of deal I would have struck if I was driving that boat.
You wondered how he got that price. That was the price FB sold it’s shares to the underwriters at the IPO.
The rest of my post was pointing out to everyone how this isn’t news. It’s not an additional sale.
Pretty slick how he got the whole world to give him a huge wedding present...
I don’t equate them as companies either. Just pointing out how crazy the hype is from the Bulls and the Bears on this one just like it was with Google.
I’m guessing most of those posting on this topic have never purchased a stock in their lives.
To each their own of course!
I thought you had to wait a week to short it. (?)
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