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TLDR Nothing to interesting, they got in relatively late and are now selling a part to give it back to investors while still keeping the majority of their share
by kayoone 13y ago
TLDR
Nothing to interesting, they got in relatively late and are now selling a part to give it back to investors while still keeping the majority of their shares, so this has nothing todo with them not trusting in Facebooks vision any longer.
- blisterpeanuts 13y agoBut if they still believed in FB's vision, why would they dump so much stock? 1/3 sounds like a lot to me.
- charlesdm 13y agoMaybe they need to liquidate part of their holdings to: 1/ Return some capital to investors 2/ Start up a new fund to invest in other things? They would've sold their entire stake if they didn't believe FB would grow anymore.
- AsymetricCom 13y agoWhat a ridiculous supposition. The truth is we can't read anything into this except that is a very significant percentage of his FB holdings.
- tptacek 13y agoIf they don't believe in FB's vision, why would they retain 2/3rds of their Fb holdings? What a silly comment.
- codex 13y agoBecause they believe in Facebook's vision 33% less than they used to?
- Retric 13y agoBecause dumping enough stock reduces the price so waiting a a week or more between sell offs is a good idea.
- tptacek 13y agoObviously nobody js going to remember you saying this a week from now when they don't in fact unload another block of Fb, or reconcile the comment against Fb's price next week. It's just typical message board BS, is the bet I'm willing to place.
- blisterpeanuts 13y ago> If they don't believe in FB's vision, why would they retain 2/3rds of their Fb holdings? What a silly comment. It wasn't a comment; it was a question. What's silly is to respond with a fact-free retort that provides no value whatsoever to the discussion. Although I'm no investing expert, it's my long-held understanding that investors don't hold onto stocks that they expect to go down, and investors don't sell stocks that are expected to rise. Currently Facebook is generally recommended as a "buy" or a "strong buy", and price targets are around $60. It's possible that Andreessen's motivations had nothing to do with their expectations of the stock's performance (versus other stocks that they may have set their sites on) but I tend to doubt it.
- prostoalex 13y agoTheir fund has a termination date. They don't want to be forced to sell on that date.