Seeking Alpha

More on Facebook's 8-K: Though Mark Zuckerberg won't be selling for a while, employees will get...

More on Facebook's 8-K: Though Mark Zuckerberg won't be selling for a while, employees will get to sell a little sooner: the lockup expiration for 234M shares held by Facebook workers has been moved up to Oct. 29 from Nov. 14. 749M shares will still become eligible for sale on Nov. 14 (not including those held by Zuck), followed by 156M on Dec. 14 and 47M on May 18, 2013.
From other sites
Comments (8)
  • GaltMachine
    , contributor
    Comments (1146) | Send Message
     
    Price = the intersection of supply and demand.

     

    This could get really ugly, really quick. Or should I say uglier?

     

    :)
    4 Sep 2012, 05:40 PM Reply Like
  • Bouchart
    , contributor
    Comments (780) | Send Message
     
    Sounds like they are in a real hurry to unload those shares onto someone.
    4 Sep 2012, 05:54 PM Reply Like
  • Alex Trias
    , contributor
    Comments (721) | Send Message
     
    Rats desperate to flee a rapidly sinking ship. Insider rats, to boot. Doesn't exactly make one want to buy FB stock any time too soon.
    4 Sep 2012, 06:18 PM Reply Like
  • Silver Surfer
    , contributor
    Comments (70) | Send Message
     
    It is absolutely amazing that FB was up 3.5% after-market on this non-sense. Thanks for the plunge in Dec 22 2012 Puts. I'll be buying more for a hell of a lot cheaper than yesterday.
    5 Sep 2012, 07:13 AM Reply Like
  • thor34
    , contributor
    Comments (100) | Send Message
     
    SO according to the 8k, the float of 692M shares will be 1,862,000 on December 14 WITHOUT the Zuckerberg shares. Does triple the size equal 2/3 the price? $6.30 sounds about right.
    6 Sep 2012, 04:24 PM Reply Like
  • thor34
    , contributor
    Comments (100) | Send Message
     
    sorry 692,000,000 shares will become 1,862,000,000 shares in the next 90 days. Good times.
    6 Sep 2012, 04:45 PM Reply Like
  • Silver Surfer
    , contributor
    Comments (70) | Send Message
     
    First know this:
    Investopedia explains 'Dilution'
    Adding to the number of shares outstanding reduces the value of holdings of existing shareholders.

     

    Then read this:
    http://bit.ly/P0lXcz

     

    And finally, scroll to the bottom of this and look for the part where it talks about 759 million shares on Nov 14th:
    http://bit.ly/NPbALI
    6 Sep 2012, 06:29 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1690) | Send Message
     
    Silver Surfer, I thought shares locked up were still part of the O/S....but just not the float?
    24 Sep 2012, 01:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector