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ExtraTorrent.cc > Articles > Hurricane Sandy Saved Facebook Share Price

Hurricane Sandy Saved Facebook Share Price

Hurricane Sandy Saved Facebook Share Price

Added: Sunday, November 4th, 2012
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extratorrent.com
The storm appears to be good only for Facebook, as it saved the share price of data harvesting operation for a while. A lot of shares were predicted to end up in the market when Facebook employees were finally allowed to sell them off. Before, they couldn’t sell them and just had to watch as their value fell.


Although the sudden injection of shares would definitely make some people at Facebook very rich, it would also lead to the overall share price fall. Fortunately for the company, Facebook received a few days grace because of a rough hurricane hitting New York, closing Wall Street and a lamb laying down on Broadway.

Media reports say that employees at Facebook are expected to be tearing their hair and stamping on their rabbit. Actually, the staff has spent half of year by watching helplessly as the value of the company’s shares dropped.

In the meantime, both the New York Stock Exchange and Nasdaq were closed this Monday because of the hurricane – it turned out to be the exchanges’ first shutdown because of the weather in the last 27 years. Up to date, there are 234,000,000 shares of the social network’s stock owned by company staff, which were eligible for trading on Monday.

The largest social network throughout the globe had moved up the lock-up expiration date for employees by a few weeks in an attempt to bolster morale among Facebook staff who couldn’t sell shares even after other insiders and early investors have done that.

The company is gambling that the recent increase in the share price of 12% after good quarterly results would stop the share price from dropping that much. Facebook shares closed last Friday’s regular session at $21.94, but the experts continue to predict that they will be no more than $13 by the end of 2012.

November 2nd,2012

Posted by: 

Date:  Sunday, November 4th, 2012

Comments (6) (please add your comment »)

posted by (2012-11-04 13:39:34)
hitmalik1 avatarlot of hurricane will come there

posted by Blocked (2012-11-04 13:41:34)
No avatarfuk facebook

posted by (2012-11-04 14:09:08)
No avatarWhen something like this happens people tend to use facebook to findout what is happening with friends. Facebook usage goes up

posted by Blocked (2012-11-04 14:28:09)
klkeklller avatarwhat people still use facebook lolz losers or what look i have a life lol

posted by Blocked (2012-11-04 17:10:09)
skreamer avatarGuess they should have hedged with a short rather than stamping on their rabbit.

posted by ET lover (2012-11-05 01:28:50)
firefoxsniper avatarShares will tank in the first quarter of 2013

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