Friday, August 17, 2012

Facebook Shares Hit New Low as a Lockup Period Ends - NYTimes.com

Interesting times for Facebook; also see Facebook Investors Cash Out (WSJ) and Facebook Now Great Value After IPO Flop, Flood Of Insider Selling (Forbes)
"The lockup expiration adds pressure to acute difficulties already facing the company, which made its Wall Street debut with an eye-popping $100 billion valuation barely three months ago. The low stock price complicates Facebook’s ability to attract and retain employees. Without prospects of the stock rising rapidly, prospective employees may choose to work at hot start-ups where they can foresee stock gains that would supplement their salary."
Facebook Shares Hit New Low as a Lockup Period Ends - NYTimes.com
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