Three Facebook executives sell stock as trading restrictions are lifted

Shawn Knight

TechSpot Staff
Staff member
A number of Facebook employees are now able to sell shares they were awarded when the company went public earlier this year. Three executives, including the social network's chief operating officer Sheryl Sandberg, took advantage of the lifted restrictions and...

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SCJake

TS Rookie
This is a lot less exciting than I thought it would be. Kinda hoped that 3 executives sold all of their shares to just get out rather than some of them were looking for a quick payday
 
D

davislane1

Headline should read "Three Facebook Executives Take Profits as Trading Restrictions Lifted." The current headline had me thinking that they had offloaded a significant quantity of their holdings.
 
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dikbozo

TS Booster
Mostly disappointed at the amounts, not very surprised at the selloffs. I do fully expect the head rats, er, honchos to gradually dump all or nearly all of their shares over time as this gigantic turkey of a stock continues to underperform. Long term 'pump and dump' scheme in action.
 

KG363

TS Guru
This is no different than any large IPO. The title made it sound like they were jumping ship. With how little they sold it may even be less. When you said that the Accountant Officer sold a lot, that could be worrying, but it's still only a quarter of what he'll have.
 
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MilwaukeeMike

TS Evangelist
Mostly disappointed at the amounts, not very surprised at the selloffs. I do fully expect the head rats, er, honchos to gradually dump all or nearly all of their shares over time as this gigantic turkey of a stock continues to underperform. Long term 'pump and dump' scheme in action.
Or maybe they just have an ounce of common sense and know that they shouldn't keep all their eggs in one basket now that they're not forced to.