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Facebook (FB -2.9%) sells off yet again - shares are down 9% since the company saw its first...

Facebook (FB -2.9%) sells off yet again - shares are down 9% since the company saw its first lockup expire yesterday, and 49% from IPO levels. The potential impact of the decline on employee morale and retention hasn't been lost on Mark Zuckerberg, who reportedly acknowledged the issue at a company meeting this month. According to SecondMarket's data, anyone who has bought Facebook since Nov. 2010 is now underwater.
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Comments (8)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    He should have thought of this when he agreed to raising the price of the IPO to above what people wanted.....he is as greedy as they come..he won...but his company might lose...big
    17 Aug 2012, 11:55 AM Reply Like
  • uberchurl
    , contributor
    Comments (34) | Send Message
     
    In July, Zuckerberg refinanced a $5.95 million mortgage on his Palo Alto, California, home with a 30-year adjustable-rate loan starting at 1.05 percent.
    Call it 'premonition'?

     

    "Cry 'Havoc!' and let slip the dogs of war..."
    17 Aug 2012, 11:59 AM Reply Like
  • dieuwer
    , contributor
    Comments (2421) | Send Message
     
    Looks like that ADJUSTABLE-RATE loan will bring havoc to his finances as rates have only one way to go: UP.
    17 Aug 2012, 01:28 PM Reply Like
  • Archman Investor
    , contributor
    Comments (2470) | Send Message
     
    FB stock will bounce. However as w/ most SM companies: until they can prove that add anything of value to the real GDP of this country and go beyond creating wealth for the select few & celebrities, they are not worth an investment.
    17 Aug 2012, 12:01 PM Reply Like
  • benito67
    , contributor
    Comments (60) | Send Message
     
    he got his..and it shows he could care less about the investors...when this junk is below 5 maybe he will wake up and realize these people will all hang him out to dry and move on...
    17 Aug 2012, 12:16 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (2656) | Send Message
     
    even better is his wrecklace purchase of instagram.
    17 Aug 2012, 12:31 PM Reply Like
  • Noreika
    , contributor
    Comments (460) | Send Message
     
    I hope he enjoys his 1% mortgage. Crash & burn FB!!!
    17 Aug 2012, 01:17 PM Reply Like
  • davidbdc
    , contributor
    Comments (3165) | Send Message
     
    Don't see how this is really news. Let the employees that don't really want to be there leave. They get paid salaries and bonuses. Just because they didn't make 10 million from some options is no cause for concern IMO.

     

    If they are that talented they wouldn't be sitting around working as a programmer anyways - they would have left long ago to start another company.
    17 Aug 2012, 03:41 PM Reply Like
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