4 ms·
The "insiders"(who are these people?) selling off shares isn't that much of an issue. It's simply good investing. The IPO was the big chance for people with e
by cube13 14y ago
The "insiders"(who are these people?) selling off shares isn't that much of an issue. It's simply good investing.
The IPO was the big chance for people with equity in Facebook to finally cash out and actually make some money off of the company.
- derwiki 14y agoThe IPO wasn't the first chance to cash out -- Facebook was being heavily traded in secondary markets before the IPO (and the lockup preceding the IPO).
- smackfu 14y agoThe price in the secondary markets seems relevant here. Facebook's valuation was probably highest at the time of the IPO, and also the secondary markets are going to have downward price pressure because it's much harder to trade shares.