Facebook Inc.’s (NASDAQ: FB) shares have traded below $20, after a $38 initial public offering. The price could be pushed down more by the people who helped start the company — both employees and venture capitalists.
The lock-up period during which these parties are not allowed to sell shares is nearly over. On August 16, 271 million shares will be eligible for sale. The fortunes of the world’s largest social network company are so poor that it would not be unusual for many of these holders to hit the exits, to make whatever money they can on “cheap” shares they got in early rounds of financing, which valued the company at well below its current level.
Douglas A. McIntyre
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
