Registered: Aug 2009
08-17-12 05:46 PM
Facebook insiders are dumping millions of shares, but there has to be someone on the other side of the trade. They say there are like 250 million shares not locked up anymore as of Thursday and another 1.7 billion to be unlocked by Dec 2012.
My question is, who the hell is buying all of these shares ?
Is it market makers ? Are there really that many people buying FB ?
2 billion shares hitting the market at todays prices is about $40 billion. Are there that many suckers out there buying $40B worth of FB ? I would think the sellers wouldnt be able to get out at some point
Someone explain this please !