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Thread: News - Facebook’s Sheryl Sandberg sells off even more shares

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    News - Facebook’s Sheryl Sandberg sells off even more shares

    She’s sold over $10 million worth of Facebook stock in a fortnight.
    Read more.

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    She must need the money, If I had the shares I would sell them.

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    Damn straight. Sell them all, buy an island... relax

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    Quote Originally Posted by Geoff I View Post
    She must need the money, If I had the shares I would sell them.
    I doubt she "needs" the money. Anyone sitting on some $380 million dollars of shares is a pretty good credit risk. Having said that, maybe she wants to buy a house, or just diversify that $380 million a bit.
    Noli nothis permittere te terere.


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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    My question is why is she selling only so few?

    Maybe facebooks business model isn't as bad as it appears.
    throw new ArgumentException (String, String, Exception)

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    Quote Originally Posted by TheAnimus View Post
    My question is why is she selling only so few?

    Maybe facebooks business model isn't as bad as it appears.
    Any number of possible answers to that, and I guess only she knows. One might be that, for whatever reason, she wants to liquidate some, or needs money for a specific purpose, like a house or flat. Another would be that even if you want to sell the whole lot, you almost certainly don't get the best price by dumping them all at once, especially if you're a senior executive. First, you'd probably start a panic run, and second, the SEC radar would no doubt go berserk.
    Noli nothis permittere te terere.


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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    Quote Originally Posted by Saracen View Post
    First, you'd probably start a panic run, and second, the SEC radar would no doubt go berserk.
    Maybe she is just selling $10M to be able to pay the premium for 370M of CSO PUTS

    (actually the SEC counts CSOs as futures, so I doubt it would work, this is not 2008 Germany)
    throw new ArgumentException (String, String, Exception)

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    Yeah, she's probably investing in something or buying a new home. Like Animus I'm thinking the same, it's only $10M of a much larger fortune of shares.
    If it's for PUTS, chaos is soon to ensue? Although, isn't that insider trading to the extreme?

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    So that's what, 2.6% of her shares? (or is my maths way out?)

    Doesn't sound like a big deal to me.

    I know getting credit won't be a problem when you are sitting on $380million of facebook shares, but surely is is nice to cash some of that out. The article does point out it was straight after the trading restrictions were lifted. If it was me, I'd be doing exactly the same thing, liquidating at least a portion of my "worth".

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    Re: News - Facebook’s Sheryl Sandberg sells off even more shares

    Quote Originally Posted by Saracen View Post
    Quote Originally Posted by Geoff I View Post
    She must need the money, If I had the shares I would sell them.
    I doubt she "needs" the money. Anyone sitting on some $380 million dollars of shares is a pretty good credit risk. Having said that, maybe she wants to buy a house, or just diversify that $380 million a bit.
    But those $380 million shares could become junk if people move away from facebook and it becomes the next myspace - you're going to want some more secure or usable assets (cash and property).

    I think that's the fear, that if the people in the know are selling, why should you be buying - it's only when you put the scale of the sale in context such fears are marginalised.

    But if I was in such an enviable position I'd be diversifying as soon as possible.
    *random monkey joke*

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