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 ...
... followed by an expensive californian divorce
“You ma ma ma make me happy!”
fair value is around $3/share, IMHO
I wonder if Mr. Zuckerberg is quietly arranging to become a citizen of Singapore, like his partner.
Actually I heard someone on CNBC talk about how BIG IPOs like this rarely decline. In fact most (7/8ths) are up higher than the market average after a year.
This was over sold. It will settle into the 20’s before the next quarter. Then it will live or die on revenues. Like every other company that makes nothing.
Totally insane. Search engines come and go. This one is nothing special.
Getting out while they can. Or something for the honeymoon.
You’re welcome!
It’s always good to get a little historical perspective.
Wouldn’t be surprised if The FED is buying FB shares right now.
I thought that company insiders had to hold for a certain number of months before selling after an IPO? I am confused
Actually, he’s getting out before his good buddy Obama jacks up the dividend tax.
didn’t his defenders been saying they can’ sell any shares for 6 months?
Right. Just about everybody in the world who MIGHT want to be a FaceBook user, HAS ALREADY BECOME a FaceBook user. They are close to saturating their user market. Their revenue stream now is probably as high as it will go. So what justifies the enormous multiple over earnings?
Do you pay for membership? I don’t so it doesn’t matter that they won’t add significant numbers of new users. What matters is they have access to a tremendous pool of consumers. Lots of companies will pay for access to their info and to present marketing info to them.
EXACTLY
This should not even be a thread.
POOR POOR reporting
AGAIN - This isn’t news. He sold the 30.2 million shares at the IPO as he said he would.
This isn’t news. He sold the 30.2 million shares at the IPO as he said he would.
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