"According to Reuters, a group of Facebook shareholders is looking to offload $1 billion worth of shares on the secondary market. Sources with direct knowledge of the situation say that the sale would value the company at more than $70 billion.Other evidence: SharesPost, an online market for private shares, reported that Facebook stock hit $34 in January and is now down to $32. Facebook has declined to comment.
This would be one of the largest transactions of Facebook shares to date and it suggests that investors and employees are worried that Facebook’s growth cannot keep up with its market valuation. To some media theorists and critics, the ones that matter anyway, this comes as no surprise."
The slow death of Facebook has begun?
It has as far as TG Daily writer David Gomez is concerned!
Popular Posts
-
After Morgan Stanley (NYSE: MS ) price its IPO for a 50% pop, DangDang (NYSE: DANG ) CEO Li Guoquing let his feeling be known in an explici... -
i am getting tired of being a patron of other peoples blogs. i am beginning to feel like a homeless person roaming virtual reality. The comm...
-
The end of FACEBOOK could be near. The social network is being hit with a pair of lawsuits that will certainly end in bankruptcy and send co... -
Remember the story My First Blog Disappeared Like Bubbles Into Thin Air ? Well, after her ordeal with her vanishing house, the main characte...
-
Where have you been? Could make this an exotic vacation, but no... What with autumn just around the corner, many things need to be done outs...
-
It's not really a club, but at that time, my friends and I thought it's better sounding that way if we add the word " Club &quo... -
gotta get in shape. start doing stuff again. i'm getting bored.
-
Twitter has not removed the account @wikileaks , nor has it announced any plans to do so. A statement released by Facebook simply reads, “[... -
Thursdays = the longest days on earth. TODAY WOULD NOT END. *kicks the wall in her frustration* Forging ahead... i am so amazed at the shal...
-
Wikipedia defines "insurance" as "...a form of risk management primarily used to hedge against the risk of a contingent, un...