shares held by employees and early investors eligible to be sold after the end of the lock-up period after the IPO
beleaguered share priceFacebook will be under greater pressure on Wednesday 800m shares held by employees and early investors are eligible for sale on the Nasdaq.
The expiration of the lock-up period, except for a few titles from the sale after the initial public social network in May could, in theory, more than double the number of shares traded, which currently stands at 921m, but not all homeowners should choose to charge in.
In previous waves leaders, including Chief Operating Officer Sheryl Sandberg and General Counsel Ted Ullyot have collected some of their properties, and one of the most prominent developers of Facebook venture capitalist Peter Thiel, has sold most of his from the game. float
- "It is impossible to know whether the venture capital [VC] and other initial investors sold, but the sale Peter Thiel, more than 80% of its population is a sign that others may consider doing the same, "said analyst Michael Pachter of Wedbush.
- Facebook founder Mark Zuckerberg has the right to sell 504m shares, worth $ 10 billion (£ 6.3 billion) on the closing price Tuesday of $ 20, but promised to keep them until September 2013 and the values ??were not counted in the totals released this month.
SunGard Financial Systems Astec Analytics unit
encouraging financial results in October, indicating that the company is trying to attract mobile advertising revenue, perhaps increased investor confidence.
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