Top execs at the social network are selling shares—at prices far lower than the site's once-vaunted $15 billion valuation
Insiders at Facebook are selling stock in the social networking company, and the prices they're getting for their shares suggest the sky-high valuation backers once placed on the company may prove unrealistic.My Take:
It's interesting that folks are cashing in now instead of waiting for the eventual IPO or buyout. Perhaps even a $1 billion valuation is high for the amount of revenue and profits that Facebook is making.
Lock in Gains
Some people would rather take smaller gains than risk major losses if the stock flounders upon going public or being acquired.
Indicator
It may be worthwhile to keep an eye on this story to see if this movement is indicating there are problems just over the horizon.
Time will tell.
What do you think?
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