Here’s How Facebook Faced Down Its Perfect Storm
By Aabha Rathee | More Articles
November 15, 2012
Tiger Global, an $8 billion hedge fund, added 9.79 million shares to take its total in the company to 11.75 million shares, Bloomberg said. Jennison Associates added 3.01 million shares, while Clearbridge Advisors bought 2.54 million shares, an increase of more than 400 percent. Vanguard Group added 4.3 million shares, T. Rowe Price Associates (NASDAQ:TROW) added 740,309 shares, and Capital Research Global Investors more than doubled its holding by adding 14.6 million shares.
Good for you and the author of this ridiculous peice, you've accounted for roughly 30 million of the 800 million new shares available for sale, and that's outside of any of the holders of the other 2.2 billion not selling any. Hope you have more hedge funds.
Sentiment: Strong Sell