Is myspace on the stock market
Facebook attracts plenty of users, but the stock continues to have trouble with shareholders. Even its top executives are selling shares. The most prominent of the recent insider sellers is Facebook FB COO Sheryl Sandberg, who sold almost , shares, according to a Securities and Exchange Commission filing Thursday.
She also sold almost 7, shares from her family trust. While Sandberg and the other top dogs at Facebook still own plenty of the company's shares, the selling activity gave traders on StockTwits plenty to chat about.
Insider buying and selling is fairly common in the corporate world, but that's a fair point. Given that Facebook shares have traded below their IPO price since hitting the market and trail the broader market's performance by a good amount, why wouldn't company executives buy up shares to encourage a little faith among investors?
This will quickly turn into myspace. But another countered, arguing that Facebook has a strong competitive edge -- except perhaps against Google GOOG. But even if Facebook is the king of social media in terms of users, it's continuing to struggle to become a viable business, which is of ultimate importance to investors.
Billions of users aren't enough, as two traders pointed out.
The Buzz All markets and investing news all the time. From Day 1, Facebook shares have been lagging the broader market.
FaceBook , Google , insider selling , ipo price , myspace , sheryl sandberg , StockTwits , users.
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