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Tuesday, August 14, 2012 5:55:20 PM
http://www.businessweek.com/news/2012-08-14/facebook-director-thiel-gets-more-flexibility-for-selling-shares
The lockup on shares held by investors begins to expire on Aug. 16. The move by Thiel doesn’t necessarily suggest that he’s bearish on the company’s prospects or that he’ll sell immediately, said Michael Pachter, an analyst at Wedbush Securities Inc.
Glad I shorted this junk.
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