Facebook Offering Is Near Genius

Facebook (FB) has a few insiders selling this morning, including CEO Mark Zuckerberg, and everybody panics. I look at the reaction in the stock and wonder if anyone actually read the release. It looks as though Zuckerberg is selling to cover a tax bill. Reasonable? Yes. Bearish? Not in my view.

Furthermore, the company is selling shares near its all-time high, which may make some watchers worry. But remember that this name is being added to the S&P 500 and S&P 100 tomorrow after the close. Facebook is selling company shares to help meet that demand and why not? Shareholders should absolutely love this. The company took an opportunity to get top dollar for its shares and put money in the bank around a $135 billion valuation. I actually find the move near genius. It would not shock me in the least to see Facebook close the week north of $55....235 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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