CNBC has covered this ad naueum with other IPOs. venture capitalists sell. Their task is done. I'ts not emotional, selling is what they do, then on to next venture. Zuckerberg is different, he wont sell, but i anticipate former employees and venture firms will sell. --of course i've been wriong b4. GLTA
They can unlock 5 billion shares - it still won't send the stock down to $12. Zuck won't allow it. It's his company and all he has to do is make ONE statement and the stock will stop falling.
Get real folks. Trading will halt if FB falls to $17 this week, and then Zuck will make statements to keep the non VCs from selling. Then hedge funds and institutions will start buying because they know FB may never be this cheap again.
Just what do you think will happen to FB price if they meet or exceed in January? lol .... It will be back to $30 once all the lockup pressure is over most likely. LNKD trades at 1000x earnings. What do you think FB will do in a few months?