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Facebook CEO Sold His Shares to Make a Cool Billion
While investors got shafted, Mark Zuckerberg was able to sell his share to make a profit. Besides, if the CEO of Facebook sold a nice portion of Facebook stock, it doesn't show confidence about the company to the investor. (Marketwatch) SAN FRANCISCO-- Facebook Inc. FB -8.90% Chief Executive Mark Zuckerberg has sold 30.2 million shares and director Peter Thiel has sold 16.8 million shares of the social-networking company, according to securities filings published late Tuesday. The sales confirm
Facebook May End Up Like Netscape. Huh? Exactly!
The investors may bitch their way to get a refund, but it is already known that Facebook is a toxic stock. It is determined that Facebook revenues will be base on advertising and possible charging a fee to the user. Unlike Google, Facebook does not have a business model that will impress Wall Street. The uncertainty of Facebook is giving angst to the investors. There is concerns that Facebook may end up like Netscape. Huh? Exactly!!!(Forbes) Facebook ended Tuesday, its third day of trading at $3
To Generate Revenue, Facebook Will Be Charging a Fee
The selloff in Facebook shares deepened on Tuesday, as investors are reminded that poking someone or liking a wall does not generate revenue. Besides, there are questions on the stock's valuation after Reuters reported that underwriters cut their revenue forecasts for the company before the IPO.As of 11 am, the stock had lost 30 percent from an intraday high of $45 hit shortly after trading started on Friday. Currently, Facebook's shares hit a low of $30.98 on Tuesday, 8.9 percent below Monday's
