This wednesday shares where $20.74 but are now $19.87. (A fall of 6.27%) Just about 271 million shares become eligible to be sold on Thursday, which is more
than half the 421 million that have been trading since Facebook shares were
floated in May at $38 each. Facebook has lost some of its lustre since its May flotation and after reporting
a $157m loss in the second quarter, although most of the loss was due to
pay-outs to the company's early investors, including chief executive Mark
Zuckerberg.
Other company's like Linkedin shares have dropped about 7%. There are many concerns over Facebook's revenue, and whether it can
make money from people using
the site. Facebook is now making less money from each user as it becomes more difficult to generate
advertising revenue it needs. Shares will become eligible for trade around about this thursday.
List of the next lock-up periods expire on the following dates.
• 15 October: 249 million shares
• 14 November: 1.32 billion shares
• 14 December: 49 million shares
• 13 May 2013: 47 million shares
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