Why Facebook insiders might dump millions of shares on Thursday

A massive number of Facebook shares – nobody knows how many – will be released from lock-ups in the next four months. The potential deluge will begin Thursday morning, when 268 million shares will be released. The shares are currently worth US$5.5 billion, and most of the folks who own them are very much in the […]

Jaclyn Densley 15 August, 2012

A massive number of Facebook shares – nobody knows how many – will be released from lock-ups in the next four months.

The potential deluge will begin Thursday morning, when 268 million shares will be released.

The shares are currently worth US$5.5 billion, and most of the folks who own them are very much in the money (meaning they bought them when they were worth much, much less).

What does it all mean? Henry Blodget explains at Business Insider.