Facebook's (FB) institutional investors are taking advantage of the boosting of the company's...

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Husky Financial Comments (212)
 
I have a somewhat different view.. I think FB and the underwriters were well aware that 10% of float was NOT going to cut it. It would create an absolute shit show of a spectacle if they did not increase the float and prevent the stock from going up 50% in a day only to fall 30% over the next couple of weeks. By increasing the offering they are reducing the initial volatility while simultaneously allowing those early investors to cash out at what looks to be a very fair valuation.
16 May 2012, 11:05 AM Reply Like

Josh Krause Comments (1365)
 
420M shares being sold

2.1B total shares outstanding according to the S-1.

420/2100 = 20% of the shares being sold.

Anyone expecting a LNKD spike on the first day might not be getting the return they are expecting.
16 May 2012, 11:14 AM Reply Like

surfnspy Comments (415)
 
"shit show"!!!!! I just sprayed coffee on my desk! LMAO!
16 May 2012, 11:21 AM Reply Like

bull_market_somewhere Comments (104)
 
good point. in regard to all the insider selling, accel and other VCs/Angels have been waiting to unwind this position for the better part of a decade; of course there is a lot of insider selling.
16 May 2012, 11:07 AM Reply Like

jstratt Comments (1432)
 
It is very noble of the insiders to step up their selling efforts. After a great pump you need a great dump!

They have conducted a worldwide troll for suckers!
16 May 2012, 09:39 PM Reply Like