Facebook COO: Facebook marketing firm lays off 37% of employees %%%%%%%%%%%%%%%%%%%%%%%%%%%%%
The Facebook COO selling $14 million worth of FB stocks got my attention as did hundreds of millions of shares sold by insiders. But before this what had really got my attention was GM pulling its adds out of Facebook.
Now we have Facebook marketing firm laying out employees.
And of course the timing of the COO selling shares, only days before the earnings was even more attention grabbing than the shares themselves.
What the heck is going on with Facebook. Is it all empty promises? Why are all those intimately associated with Facebook, be it insiders and COO or companies such as GM or Spruce Media, either selling shares by hundreds of million shares or laying off employees and jumping ship by completely leaving their association with Facebook behind.
I am not trying to bash this stock as right now I am not short or long, but seriously what is going on. Could FB prove to be yet another dotcom. Is that may be the real reason why its ipo was one of the biggest failures and why the insiders are selling and bailing in a hurry.
Could we in the future wonder why some of us did not see what is coming when FB is delisted.