Facebook planned a secondary offering to pay for the $2 billion tax bill. Facebook has lost $50 billion in market value since the iPO. According to a new filing, Facebook is canceling the secondary offering. Facebook will now pay the taxes with cash and credit lines. Mark Zuckerberg also said to not sell any shares over the next 12 months.
Facebook employees can also sell their vested shares a bit earlier according to the Facebook filing. Instead of November 14 they already can sell on October 29. Not sure if that will help anybody.
After the Facebook IPO I thought I would buy Facebook shares once they fall under $20. They are now at $18, but I am still not buying. Facebook appears to be far away to make significant money that would even rectify the current market value. I would not be surprised to see FB fall under $10 by year end.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
Terraria Game Review
Terraria is a 2D action-adventure sandbox video game wherein you can build your own world and defend it from horrible enemies. If you are playing Minecraft and you enjoyed playing this, Terraria is suitable for you. This game will test your skill in constructing and designing your home, and also how you are good in protecting your own home by defeating enemies.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.