Facebook's IPO Skid, Officials Pointing Fingers

For Facebook Insiders, An Excruciating Wait Has Begun

The infamous former Napster creator, Mr. Sean Parker

Photo:  Wikipedia

The euphoria over Facebook’s IPO has vanished and many Facebook employees, ex-employees, and early investors might have an excruciating wait before they can sell their shares and cash out. To be sure, those shares are still worth a tremendous amount. Parker’s Facebook stock is still worth more than $2 billion, but losing $300 millon even if it’s in paper wealth can’t be easy to stomach. The Facebook IPO pop never materialized and although few will sympathize, it’s safe to say that many insiders will be disappointed.