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The employees, they dumped a lot of their shares probably. They are allowed since Monday to sell them.
by sek 14y ago
The employees, they dumped a lot of their shares probably. They are allowed since Monday to sell them.
- TomGullen 14y agoHow many shares did the employees own? Even if they all sold all of them, is it really enough to have a meaningful impact on the price of the stock with that much trading volume and that large of a market cap? Probably not!
- planetguy 14y agoIf you count Zuckerberg as an employee, then I'm pretty sure he owns more shares than were issued in the IPO. Even if you don't, a huge slab of the company is owned by current and former employees.
- flyt 14y agoLockup doesn't expire until six months after the IPO. Employees and ex-employees have a while to wait until they can begin selling.
- denniedarko 14y ago6 month lockup no?