Technology

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Technology

Facebook Unmasked: 2B Shares Set To Go On Sale Over Stock Crash

Facebook Inc (NASDAQ:FB) is staring at a possible mass walkout of the insider investors as the stock crash continues to exhibit signs of unlikely follow-on share sale by the social networking giant. Approximately, 2 billion Facebook shares, or 70% of shares outstanding will be eligible for sale in the next four months. Facebook Inc (NASDAQ:FB)’s stock price has declined by nearly 40% from its initial public offer price of $38 per share, triggering several interesting scenarios for the company. Ideally, Facebook would be planning to do a secondary offer to follow on the initial offer, which in most cases, companies use as a pilot project, to assess the viability […]