2.7 Billion shares total stock. It is in the 'key statistics' section. When those 2 Billion shares held by insiders hit the market ... afterall, they want their millions! ... this stuck will plummet. Every investor/employee will be selling. I can't imagine 2 Billion shares being bought up.
I still have his programs on tivo and replayed it before writing this.
He definately said NOT to buy on the opening day. He also said it on Squawk on the Street. He said there will be a pull back and HE WAS RIGHT!!
Don't blame him if you didn't listen close enough or just didn't feel like taking his word because of all the excitement over FB.
an additional 1.5 Billion shares???
where did you see that??
that would make over 2 Billion outstanding?
I'm beginning to wonder if this whole thing is not just some sort of a scam to take zukeberger for a ride - along with the public of course- ponzi like
and it may hit $70 one day, just not a day in 2012 or 2013. The problem is how can anyone project future earnings with no business model to use as precedent? Will they be able to leverage users to generate enough revenue to drive the share price higher? No idea, but good luck finding buyers when the lock out period ends, unless they have a great quarter and offer some pretty strong guidance in between those shares are going to go over like a lead balloon.