Facebook co-founder Moskovitz scrambles to offload his shares

http://www.theregister.co.uk/2012/08/30/facebook_cofounder_sells_shares/

by iProject • 14 years ago

15 8 14 years ago

theregister.co.uk

eckyptang• 14 years ago

Rats leaving a sinking ship comes to mind...

CharlieA• 14 years ago

Unless my math is off, or I'm misreading the article... that's about 1% of his total shareholding he's sold. How is this a scramble to offload shares? It seems more like a pretty minor (and sensible) liquidity transaction.

wgx• 14 years ago

Quite. If one has all (or most) of their personal wealth tied up in one venture, it's only prudent to release a proportion. Of course, where he stops selling will be the interesting part...

jammur• 14 years ago

Unfortunately, "Dustin Moskovitz executes a pretty minor (and sensible) liquidity transaction" doesn't inspire people to click the link and view their ads...

uncoder0• 14 years ago

Linkbait is becoming more and more common around here. :(

thereallurch• 14 years ago

He sold 1.3m shares out of the 113mil he has? "Scrambles to offload his shares" = 1.1%?

markyc• 14 years ago

the news people gotta eat too

malandrew• 14 years ago

I would love if these articles more accurately described the situation as ...

  "Moskovitz joins a number of early investors who are now
  unloading shares to diversify their investment portfolio
  as is common with many people who've previously had the 
  majority of their net worth tied up in one investment."

... instead of ...

  "Moskovitz joins a number of early investors who've jumped 
  at the chance to reduce their stake in the social network 
  after its dismal IPO and subsequent lack of popularity with 
  traders."

Facebook co-founder Moskovitz scrambles to offload his shares

Related Stories