Facebook's Zuckerberg sells 30.2 Million Shares

MarketWatch ^ | 5/22/12 | Laura Mandaro

[illiac]

No article as of this time. Right side of page at link.

Facebook's Zuckerberg sells 30.2 mln shares

7 min ago5:30 p.m. May 22, 2012 - Laura Mandaro

Facebook director Thiel sells 16.8 mln shares

7 min ago5:30 p.m. May 22, 2012 - Laura Mandaro

[illiac]

Ruh Roh!

[Responsibility2nd]

Selling short? Already?

Bwa haa haaaaa...

[Signalman]

They’re bailing out before the suckers get on to them.

[JennysCool]

Who’s buying?

[GeronL]

and what total FAIL is buying them?

[stephenjohnbanker]

FB down 21% since friday.

[freedumb2003]

>>and what total FAIL is buying them?<<

There was a cash-heavy unicorn out there somewhere...

[Mouton]

The question is, who bought!

[the invisib1e hand]

he’s got a wedding to pay for.

[stephenjohnbanker]

” and what total FAIL is buying them? “

Bernanke ?

[Bruinator]

The IPO listed 2.5billion shares outstanding as of this morning. http://allfacebook.com/facebook-hits-new-high-of-82-5-billion_b34720. I don’t think it is that significant. Yet.

[freedumb2003]

Down to $31: https://www.google.com/finance?client=ob&q=NASDAQ:FB

Trust me, by this time next year it will be < $10

[abb]

http://www.marketwatch.com/story/morgan-stanley-gets-subpoena-on-facebook-reports-2012-05-22?siteid=yhoof2
Morgan Stanley gets subpoena on Facebook: reports

[GeronL]

The one that poops Skittles?

[JennysCool]

[icwhatudo]

Dump and run! SUCKAHS!!!!!!!!!!!!!!

[free me]

This isn’t news. He sold the 30.2 million shares at the IPO as he said he would.

http://www.news.com.au/business/companies/facebook-sells-shares-for-38-per-share-in-ipo/story-fnda1bsz-1226359905009

[GeronL]

lol.

Maybe Geithner bought some too. lol

[stephenjohnbanker]

FB’s NASDAQ Last Sale
30.75 3.28 9.63%

still droppin..

[abb]

Betcha he sold them Friday.

[a fool in paradise]

They aren’t going to let someone else start a run on their bank before they get a chance to save some wealth...

[july4thfreedomfoundation]

I don’t think his wife will be selling her wedding dress on eBay anytime soon.

[AngelesCrestHighway]

I know of two idiots at work who bought Friday at 40. They thought they were so cool!...

[free me]

Freepers on Google back in 2004:

http://www.freerepublic.com/focus/f-news/1125573/posts

[Mouton]

The Form 4 shows they were sold today.

Not to worry though, his trust still owns more than 400 million shares. A trust, wonder what kind of tax sham this is.

[stephenjohnbanker]

: )

[freedumb2003]

>>Freepers on Google back in 2004:<<

Wow, history.

Well, Google actually had and has a profit model. FB???

[abb]

What price did he get?

[dennisw]

FB is a pos same as Groupon and people are finally on to them. I use FB for business reasons and they recently rearranged the interface and dumbed it down so much it is useless

[EGPWS]

Who are the idiots buying, democrats?

[I cannot think of a name]

“Freepers on Google back in 2004:”

And if I'd known then what I know now....

I still wouldn't have bought any except for a quick flip. No way will I EVER sit on one of these imaginary stocks.

[Sudetenland]

Mr. Zuckerberg was heard to mumble, as he was exiting the bank, "So-long SUCKERS!" LOL!!!

[Mouton]

37.58. Interesting...must have been some kind of private placement deal as it was way above market all day.

[tennmountainman]

Zucker is getting out before the bottom falls out.

[hinckley buzzard]

They're not "selling short," they're just selling. It is common for IPO's to drift downward in price for the few weeks following. Also, we don't know how much of each person's stake is being sold here. These may be minor sales, percentage-wise.

[Harley]

Oh no. Obama will be calling a news conference tomorrow to describe the bailout program to protect all investors that are too stupid to live.

[Irish Eyes]

Freepers on Google back in 2004:

http://www.freerepublic.com/focus/f-news/1125573/posts

---

LOL..I had to quickly google the stock price of GOOG after reading that.

[Uncle Slayton]

Selling short? Already?

Bwa haa haaaaa...

And just put 924 million dollars in his pocket.

But, you are right, Zuckerberg is laughing today.

[NoRedTape]

The Market is on to Fads that produce no viable product, except some fun dialogue between others. Zzzz. I like facebook. It’s fun, but it sure ain’t Ford Motor Company or Edison. :>

[kempster]

Waiting for some government liberal to tell us we need to bail out the morons who jumped on board with this.

[driftdiver]

There are 800 million active users on facebook. 800 million is a good percentage of the worlds population.

They are selling because they want the money.

[Mouton]

Zuck owns about the same number of shares directly after todays sale, about 30+ million. His trush owns over 400 million shares. He needed some pocket change I guess.

“buy it lightly on the way down, when it hits 17, buy all it” Larry Wildman in the movie Wall Street. Seems appropriate here too.

[free me]

That’s not what many people were saying back then. One billion revenue and a 25 billion market value? Crazy!

Facebook: Four billion revenue and a 100 billion market value? Crazy!

Lot’s of hype either way.

Who knows who is right this time?

[Uncle Slayton]

He’s not out.

He simply sold a small fraction of his stock.

[YankeeReb]

Oh Boy! Time for Barry the venture capitalist to step in with some treasury money to prop this turkey up.

Can't let a good progressive company go down in flames while the world is watching.

[free me]

Who cares what you would sit on? The point is they were wrong. Google has returned huge gains to it’s investors since it’s IPO.

[stephenjohnbanker]

I would have been shorting after the first day. It looked weak from the get go.

[Rusty0604]

Prolonged Facebook stock slide could hurt California budget as state faces $15.7B deficit

http://www.washingtonpost.com/business/cash-strapped-california-hopeful-for-tax-windfall-from-facebook-stock-now-worried-about-slide/2012/05/22/gIQAVWsiiU_story.html

[StAnDeliver]

PUMP. AND. DUMP.

[free me]

It was at the IPO. This is not new. He didn’t sell 30 million shares Friday and another 30 million shares today.

Just the 30.2 million shares everyone was told he would sell at the IPO. The sale is to raise cash to pay the taxes. It is very common.

Link to form 4 database:

http://www.secform4.com/insider-trading/1326801.htm