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December 17, 2011 09:34 pm GMT
Facebook shareholders suck. I know this because this past week I tried to help someone sell about 30 million shares of Facebook for $31 a share. These are weird transactions because never before in history has a private company so large ($80 billion in value) had so many random people buying and selling shares of it.On the one side are these semi-mythical demigods called co-founders who hit the jackpot. On the other side are literally kings of some ancient lost kingdoms in Asia that suddenly want to own tens of millions of shares of Facebook before the IPO. In the middle are enough people to fill a small country.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hWwP754AE-8/
Facebook Shareholders Suck(Or, Why This Is Not Bubble 2.0)
Facebook shareholders suck. I know this because this past week I tried to help someone sell about 30 million shares of Facebook for $31 a share. These are weird transactions because never before in history has a private company so large ($80 billion in value) had so many random people buying and selling shares of it.On the one side are these semi-mythical demigods called co-founders who hit the jackpot. On the other side are literally kings of some ancient lost kingdoms in Asia that suddenly want to own tens of millions of shares of Facebook before the IPO. In the middle are enough people to fill a small country.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hWwP754AE-8/
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