The Biggest Winners in FACEBOOK IPO are .....

[TM7]

Listing the early investors in Facebook who made a bundle by cashing in portions of their stock Friday before share prices tumbled in the recent casino captalism venture.. Value was estimated at $38 a share. Also included is how much money each saved by getting out Friday, before shares sunk to $31.
.

Mark Zuckerberg
Shares sold: 30.2 million (& Facebook, Inc garners large cash influx)
Value: $1.13 billion
Saved: $174 million
.



Accel Partners, venture capital investor
Year invested in Facebook: 2005 for $12.7 million
Shares sold: 49 million
Value: $1.86 billion
Saved: $341 million
.


Peter Thiel, PayPal co-founder
Year invested in Facebook: 2004 for $500,000
Shares sold: 16.8 million
Value: $640 million
Saved: $119 million
.


DST Global Ltd, investment firm based in London and founded by Russian oligarch
Year invested in Facebook: 2009 and late 2010 for $200 million
Shares sold: 45.7 million
Value: $1.74 billion
Saved: $323 million
.


Goldman Sachs, investment bank
Year invested in Facebook: 2011 for $450 million
Shares sold: 28.7 million
Value: $1.09 billion
Saved: $200 million
.


Elevation Partners, private equity firm with Bono as spokesman
Shares sold: 4.6 million
Value: $176 million
Saved: $3.3 million
.


Greylock Partners, venture capital investor
Year invested in Facebook: 2006 for $27.5 million
Shares sold: 7.6 million
Value: $289 million
Saved: 53.4 million
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Read more: http://www.dailymail.co.uk/news/article-2148839/Zuckerberg-cashed-1-13B-Facebook-shares-stock-tanked.html#ixzz1vizfzneZ
.
......TM7

[Conan The Librarian]

It looks like you too are going to the English papers for decent reporting on what's going on in the US. Even the tabloids have better reporting than most of the major US papers.

[Empty Quiver]

I don't exactly see a problem here.
 
You make a product (or service) offer it to the public, and they purchase it of their own free will. Upon purchase of said product the value drops. Sounds like just about everything I've ever purchased.
 
Oh yea, this is supposed to be an investment. Again I don't see the problem here. The "investors" thought they were smarter than the market. They thought they were going to make a killing, they may well do so, but judgeing your investment portfolio on a daily basis is foolish. Those selling were pretty sure they were selling for more than the stocks were worth, otherwise why on earth sell?
 
What is the problem with someone having lots of money? Is there a problem with having an obscene amount of wealth? I find it to be of no ones business at all how much money another person has, unless of course it is to somehow promote envy or hatred.

[Empty Quiver]

Lord a mighty man, do you think you or someone else needs to be holding every investors hand? There is something called personal responsability. They want some stock they buy some stock who's business is it if they pay too much? What is your plan if they wind up making a handsom profit?

[scootrd]

It's interesting to me at least half of congress wants an investigation. Aren't these the same folks that don't want any regulation??

The reason they do -  most people are not aware , congress as a body is not bound by insider trading laws. They have placed themselves above the insider trading laws.

So a bunch of them must have got what they thought was the inside track by lobbyists .. took their advice ..invested .. got screwed .. and now these same folks who are against wall street reform and regulation got their own personal wallet hurt this time round .. now all of a sudden there is a huge congressional outcry for an investigation.

It doesn't take all kinds .... there just are.

[SwampThing762]

scootrd,

You are misinformed, sir.   El Presidente signed the Stock Act of 2012 earlier this year.  It prohibits members of Congress from benefitting from inside information.

ST762

[muznut 54]

ST is right congressman cant pull that crap anymore. I invest in the market but it is definitely a rigged game and I have to dodge crooks and shysters all the time.

[scootrd]

I do stand corrected ,
I was a bit behind the times with the passage of this very new piece of legislation.
They were up until recently allowed.

The Stop Trading on Congressional Knowledge (STOCK) Act intended to prohibit members of Congress from buying or selling securities based on information gained on the job, but the bill died in House committee three times (2006, 2007, 2009) with only a few sponsors. On Nov. 13, 2011, 60 Minutes reported that several members of Congress allegedly used insider information for personal gain, and the STOCK Act received 84 additional House co-sponsors within five days. On Apr. 4, 2012, the STOCK Act was signed into law by President Obama.
 
 Proponents contend that regulating insider trading is inefficient, would be impossible to implement in Congress, and could harm the flow of information between Capitol Hill and the public.

Opponents contend that congressional insider trading allows for unethical profiteering and conflicts of interest and that government officials should be held to the same standards as all other Americans