I checked the Yahoo finance site and your numbers seem to be copied from there exactly. But how accurate is Yahoo numbers? I simply can not imagine that insiders sold over 253 million shares where as the whole float is just about 5 times that. Does anyone else here knows where else to go to verify these numbers? If these numbers are correct then FB is in big trouble and I won't be surprised if it crashes below its 52 weeks low in short order.
Again, the main question is are Yahoo's numbers anywhere close to actual shares sold. I am also surprised by meager and negligible number of share bought by insiders even when the pps dropped around $17. Think there may be something wrong with Yahoo numbers.
I'll reserve judgement until bulls here provide their side of view as to the accuracy of these Yahoo numbers.
I read the report and find it hard to believe that Zuck would not have known those numbers before making such an overly exaggerated statement. If I recall FB began it's climb from high teens to where we are today mainly because of that very statement and investor's excitement that Facebook already had more mobile users that iPhone and android combined. Now that we know this not to be the case at all I am afraid FB may begin and slide back towards the teens where this whole mess started.
When it comes to growth stocks markets are not very forgiving when it comes to such a blunder by its CEO.
I am thinking this may be the exact reason why the insiders have been dumping FB shares in such a furious speed because the know some claims, such as this mobile users, is based on complete fallacy and deceit .