Facebook Stock slides as lockup expires for some heavy early investors.
Facebook Shares are trading at $19.80 (-7%) in early morning. Today the lockup period for early investors ends including Peter Thiel, Microsoft and others. It is not clear if these shareholders have already released shares into the market or if the market is just reacting to the potential sell off.
Don't Miss: See the first leaked Black Friday 2016 Ad
Don't Miss: Nintendo Switch: Everything You Need To Know
Up to 271 million Facebook shares could come to the market.