Think the plunge in Facebook's stock after its sluggish earnings report was bad? Wait until a torrent of new shares hits the market in a few weeks.
Sunday, July 29, 2012
Facebook stock price could be hit by torrent of new shares
Facebook will free up nearly 1.7 billion shares — four times the number now trading — starting next month as provisions that barred employees from selling their holdings begin to expire.
Think the plunge in Facebook's stock after its sluggish earnings report was bad? Wait until a torrent of new shares hits the market in a few weeks.
Think the plunge in Facebook's stock after its sluggish earnings report was bad? Wait until a torrent of new shares hits the market in a few weeks.
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