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Facebook co-founder Moskovitz scrambles to offload his shares
- eckyptang 14y agoRats leaving a sinking ship comes to mind...
- CharlieA 14y agoUnless my math is off, or I'm misreading the article... that's about 1% of his total shareholding he's sold. How is this a scramble to offload shares? It seems more like a pretty minor (and sensible) liquidity transaction.
- wgx 14y agoQuite. If one has all (or most) of their personal wealth tied up in one venture, it's only prudent to release a proportion. Of course, where he stops selling will be the interesting part...
- jammur 14y agoUnfortunately, "Dustin Moskovitz executes a pretty minor (and sensible) liquidity transaction" doesn't inspire people to click the link and view their ads...
- uncoder0 14y agoLinkbait is becoming more and more common around here. :(
- thereallurch 14y agoHe sold 1.3m shares out of the 113mil he has? "Scrambles to offload his shares" = 1.1%?
- markyc 14y agothe news people gotta eat too
- malandrew 14y agoI would love if these articles more accurately described the situation as ... "Moskovitz joins a number of early investors who are now unloading shares to diversify their investment portfolio as is common with many people who've previously had the majority of their net worth tied up in one investment." ... instead of ... "Moskovitz joins a number of early investors who've jumped at the chance to reduce their stake in the social network after its dismal IPO and subsequent lack of popularity with traders."