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"To get Facebook shares, clients must agree not to sell them until 2013" Why? Do they fear everybody selling short after? If I believe in Facebook I would keep
by Kilimanjaro 16y ago
"To get Facebook shares, clients must agree not to sell them until 2013"
Why? Do they fear everybody selling short after? If I believe in Facebook I would keep their stock for a better growth year after year. Unless they know something we don't, or unless they know everybody will dump a hyper inflated stock.
You can't force me not to sell whenever I want, and that sole clause makes me very suspicious.
- rscott 16y agoYes they can. Companies do it all the time with employee stock purchasing programs, for instance, where you have to hold on for at least a year before flipping it.