no one will pay for these taxes out of their cash so how much selling needed to cover these taxes? thx
I had found an article talking about this but now I can't find the pist I put with the link.
It does not say how much but it does say that much of it's earnings will be eaten up by this tax.
Here is the link || http://www.huffingtonpost.com/janet-tavakoli/facebooks-mobile-revenues_b_2143281.html ||
Most of these people are in high tax bracket-30%. so 880 million shares X 30% = 260 million shares because most of these shares were given at zero basis-no cost to employees.
Sentiment: Strong Sell