Source: zerohedge.com
Insiders including CEO Zuckerberg are dumping their stock as FB user are spending less time on the platform. User participation is down 25% since they introduced the algorithm to stifle conservative news postings.
Regulatory filings with the SEC shows that Zuckerberg unloaded about 2.7 million shares in February and in this recent week he sold about 685,000 more shares.
Source: thedailyeconomist.com
Other insiders converting FB stock include Vice President David Fischer, Chief Operating Officer Sheryl Sandberg, CFO David Wehner, Director Kenneth Chenault, Chief Technology Officer Michael Schroepfer, General Counsel Colin Stretch and Chief Product Officer Chistopher Cox.
With some many top level people liquidating, it should indicate to other share holders that something is brewing. Although there has been no major news regarding the company other than it's dwindling user base, it seems a harbinger that the higher ups are selling their stock.
Source: thedailyeconomist.com
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