If you are wondering if Facebook is a good investment or not, after all it’s dropped so much, consider this:
In the span of a few months almost 70% of the amount of shares outstanding will be set up for sale. The first batch (268 million shares) was put up last Thursday, causing the share to drop. But this is just the first trickle. The dates:
- October 14th: 249 million shares, 9% of shares outstanding.
- November 13th: 1.332 billion shares, 49% of shares outstanding.
- December 13th: 124 million shares, 5% of shares outstanding.
- May 17th, 2013: 47 million shares, 2% of shares outstanding.
Good dates to keep in mind if you’re considering picking up any Facebook stock. I for one won’t be touching it for at least a year.