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Apparently wanting someone else to do the deed, Accel Partners is offloading 50M shares of its...
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Thursday, August 16, 2012, 3:21 PM ETApparently wanting someone else to do the deed, Accel Partners is offloading 50M shares of its Facebook stake (most of what just got unlocked) to its limited partners to let them sell or hold as they wish, reports CNBC.
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This news story has 19 comments:
Also that they are distributing is not surprising either. VC invest in private companies and are not paid to hold public stock. The same thing happened with LinkedIn and Salesforce.
This is a non-event.
With 460 million shares presently trading, is unlocking 271 million more shares a "non-event" too? And what about unlocking 247 million on 10/14? Or over a BILLION shares on 11/13? And then 124 million more shares on 12/13? Will these be "non-events" also?
It is starting to resemble a Ponzi scheme....first in are the first out; they take their profits from the later investors and run. After all the unlocks, all that's left when the smoke clears is the little guy holding a sub-$5 junk stock.
There are more FB insider lockup expirations to come in 2012:
10/14 - 247 million, 11/13 - 1.33 billion, 12/13 - 124 million.
"Release the hounds..."
http://goo.gl/JshFg
soros, UBS,
is it now an "investment"
even funnier if it becomes as worthless as znga
The fact that the GPs, the most soulless money grubbing plantation overseers that are on this planet, distributed the shares signals LOUD and clear that they don't expect any appreciation.
Short FB.
Once the GPs start dumping stock, there is no tourniquet large enough to stop the flow.