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Unlike Facebook, none of Twitters employees and VC's are selling, so no internal pressure to grab every last dollar.
by sc90 13y ago
Unlike Facebook, none of Twitters employees and VC's are selling, so no internal pressure to grab every last dollar.
- the_watcher 13y agoThere was an employee lockup of Facebook stock, if I remember correctly, so Facebook employees were not selling. Please correct me if I misunderstood something.
- abat 13y agoThe lockup applies to shares on the open market after IPO. That doesn't preclude someone from participating in the IPO itself.
- the_watcher 13y agoGot it, thanks for explaining.
- habosa 13y agoMany Facebook shareholders sold at the IPO. Zuckerberg sold 30M shares and other large investors with huge allocations also sold some. It was calculated, not a free-for-all.
- blisterpeanuts 13y agoInteresting; how is it that employees are able to trade right after the IPO? I thought there was a waiting period for insiders.
- clauretano 13y agonot every employee is an insider. Public companies that issue stock to employees can limit the number of people that are made privy to non-public information about the performance of the company, such that some/many employees are allowed to freely trade.