Beware the Lockup Expiration
There are plenty of lessons to be learned from the debacle that is Facebook (FB) since it became public in the middle of May. The share price has been cut in half and the company is now on the verge of dissipating more wealth than Bernie Madoff -- at least on paper.
We could spend this whole article on the missteps the company, underwriters and investors have contributed to the shares' collapse. The one I would like to highlight is how lockup expirations can hit these highly valued equities hard. FB plunged another 6% on Friday as another key lockup period expired....440 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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