If you are a Facebook investor you had better get prepared to lose even more money next week. You may remember that the stock tanked a few months ago when top ranking employees were able able to cash out their stock. Well starting Monday, everyone in the company will be able to cash out their stock and many will actually be doing so since they will becoming instant millionaires. Some 225 million shares (worth around $4.3 billion) are owned by employees and analysts expect about half of those shares to be sold on Monday. Brendan Spaar thinks the only way to get rich off of Facebook is to have worked at the company from day 1. Outside investors don't stand a chance.
Source: http://money.cnn.com/2012/10/22/technology/social/facebook-earnings-stock/index.html?iid=Popular
Source: http://money.cnn.com/2012/10/22/technology/social/facebook-earnings-stock/index.html?iid=Popular
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