Yeah, all that stuff is the article is great, but the Facebook experts here on HN (aged 18-24, most likely) said what Thiel did is no big deal. He's just diversifying. And besides, there's the upcoming Facebook Wallet (TM). It's gonna be big, big, big. Huge.
It does seem kind of fucked up that investors have a three month lockup while employees have six. It should be the standard 180 days for everyone; if anything, employees (who have more of their net worth tied up in FB stock) should be more free to sell than funds.
The whole deal with FB effectively being public for 18 months before IPOing (via second market) is new and messed up.
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[ 3.2 ms ] story [ 20.9 ms ] threadBloomberg? What do they know?
The whole deal with FB effectively being public for 18 months before IPOing (via second market) is new and messed up.