Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Facebook Lockup Ends

Details

  • Description

    FBN's Lauren Simonetti on early Facebook investors' ability to sell shares.

  • Duration 1:24
  • Date

Clips

Also in this playlist...

Social Media

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Foreign policy -- we've had that FaceBook stock up all our you probably seated on the street nearly 270 -- U FaceBook shares hitting the market today the lock up.

And -- for some early investors when does the fall in Florence is watching this -- and -- Big question I was to have an answer for you okay so today like you said it -- those early investors have few top executives at the social giant can sell their stock the first lock up period.

Banning selling is now over its ninety days since the may eighteenth IPO -- 271.

Million shares become available.

421.

Million were available at the time of the IPO -- -- -- -- -- partners has more than a 150 million shares they can't.

Goldman Sachs -- -- Zain is CEO mark Pincus sell Microsoft all of these guys -- big players are eligible today.

There's more because the ones we're showing you.

I -- they -- is an entirely different question many have already -- big gains even though the last time Facebook's -- big game was quite some time ago but think they got -- -- -- sharp reaction we're seeing a series today.

Is not unusual it's pretty ugly today we did hit a new low.

But when lockup expired for other companies like Linkedin and Groupon -- and g.'s list.

Investors saw some big double digit declines in intra day trading look at that.

On those lock up expiration days so this is not unusual let's hope for the best for right now it's looking pretty ugly.

Lauren thanks for that -- seven yes.

Load More