The value of Facebook has lost $ 4 billion drop in session.
Yesterday (16/8) is the date of the shareholders of Facebook can implementation phase "unlock" (unlock) the first for this stock. Accordingly, the shareholders have accumulated shares of Facebook before the IPO took place could hit the stock market. Before that, they had to hold shares in the first time period.
Over 270 million shares have been unlocked, the equivalent of one half of the total 421 million shares sold in the IPO session. In the first trading hours, approximately 64 million shares were traded, more than double the average trading volume in the last 50 days.
According to Frank Davis, director of sales and trading of securities firm LEK is headquartered in New York, now the pressure on the stock Facebook is huge by liquidity back in the market. In most of the trading session, shares of Facebook have levels ranging up to more than 3%.
During the period from mid-October and mid-November, 243 million shares will be unlocked. On 14/11, will have a total of more than 1.2 billion shares can be traded. Until then, Mark Zuckerberg will not be sold.
According to analyst Brian WIESER, time on January 11 to unlock new Facebook is the biggest problem faced. If the time that Facebook has not been able to improve the situation, disaster will actually arrived.
Minh Anh
Theo TTVN/Reuters
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