i am sure, if ipo price at 38...most of our cost must be 38...any selling below 38 are selling at a loss?who are selling?
none your business, because they can
i bet you too don't have an answer, you are right, it's not my business, but i like to learn and understand.
sometimes taking a loss is good move.
This is it. Taking a lossnow is better than losing another $10 a share later.
There are so many reasons.Insiders paid far less than 38.Pump and dump manipulation by market makers. Massive churning of shares. Bait to get buyers.Retail investors selling at a loss (as others said, many reasons to do this, some tax-related) on what may be the last green day for FB for a long time.
insiders are not allow to sell right away.
Those prime clients that can get in at 38. now its time to take a loss.Its a fair game. you want bet, you face the risk of loss.
The stock is still overpriced by about 500%.