Facebook pulls from parts of un’ariaccia. Quite the opposite of what was breathed on 28 May, on the eve of the landing on the Nasdaq. Good times, those. $ 38 a share. Snapped up. Share them among banks, private investors and employees.
104 billion dollars in first capitalization. It took three months for the bank, of the hundreds of billions, it burned more than 54. Actions which yesterday touched the negative peak of $ 17.55.
From this unfortunate operation leaving all with broken bones. Especially employees. THE Wall Street Journal reports that Facebook has announced that its employees for the period of detention of the sales of the shares (generally imposed on all companies that are quoted on the stock exchange to avoid short-term speculation), will be extended by another two weeks. The employees of the giant Palo Alto will be unable to exchange on the market shares they own prior to November 14 instead of October 29 as stated above. A total of about 100 million shares for a total of $ 1.9 billion that will be committed for the payment of taxes, which amount to about $ 1.9 billion.
In a note Facebook also said that, over the coming twelve months, Mark Zuckerberg will not sell the shares they own. Never let it happen the other way around. What was the captain to escape as the ship continues to take on water. Market effects would be disastrous. The hull creaks and speculation or not, highlights all the weakness of the financial system of the economy “bit.”
What is sustainable in the long run is yet to be proven.