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The reason for FB's drop seems simple. The options have been traded on secondmarket for a long time already, meaning institutional investors have already been p
by j2labs 14y ago
The reason for FB's drop seems simple. The options have been traded on secondmarket for a long time already, meaning institutional investors have already been playing the invest-in-facebook game for a long time.
The only folks left are the normal folks and I don't believe they have the money to drive the price up significantly.
In short: this is a liquidity event for Facebook ownership and nothing else.