Re:Facebook insiders sold 57% of their shares on Friday
by snorkel on Friday May 25, 2012 @11:28AM
(#4023875)
Smart move. My biggest lesson from the dot.com boom days was sell all vested options on the first day you are legally allowed to do so.
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Re:Facebook insiders sold 57% of their shares on Friday
by ajross on Friday May 25, 2012 @11:37AM
(#4023917)
That's one of those micro vs. macro things, though. Individually it's a smart move. For the company as a whole it's a disaster, and something they should have planned for. Some of this is obviously because Facebook's IPO is very late, and lots of employee stock is already vested.