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BRIEF-Facebook says plans to begin investing in affordable housing projects by fall 2017
Aug 1 (Reuters) - Facebook Inc <FB.O> :
* Says plans to begin investing in affordable housing
projects by fall 2017, and expect funds to be deployed in five
to eight-year horizon
Peter Thiel sells most of remaining Facebook stake
Nov 22 (Reuters) - Venture capitalist Peter Thiel, Facebook
Inc's <FB.O> first institutional investor, has sold
three-quarters of his remaining stake in the social network,
according to a regulatory filing on Tuesday.
Thiel, who is a member of Facebook's board, now owns 59,913
Class A shares in the company after selling 160,805 shares for
about $29 million. https://www.sec.gov/Archives/edgar/data/1211060/000112760217033087/xslF345X03/form4.xml
Thiel sold roughly 20 million of his 26 million Facebook
shares for $400 million following its stock market listing in
2012.
(Reporting by Supantha Mukherjee in Bengaluru; editing by
Patrick Graham)
(([email protected]; within U.S.+1 646 223
8780, outside U.S. +91 80 6749 6101; Reuters Messaging: [email protected]))
I have a good friend who bought the IPO, 10x'd his investment (at the ATH of $380), and has never taken any profit. Now he's lost 7 years of profits. When the stock gapped down to the low $200s, he asked me what to do. I told him that I don't give advice, but that if it were me, I'd sell 25-50% (the price was on that day $215). This way, if the decline continued, he'd book his initial investment plus a good chunk more, and still be able to ride a wave higher, but also not worry so much if it continued to fall, since it could go to $0 and he'd still have made a nice profit. He wanted to buy more. I hope he didn't.
It took a price decline of 70% over 14 months for Morgan Stanley to downgrade META.
Let that sink in. With teams of analysts and huge research budgets, they could not see what you probably saw after the Feb drop (or before it), namely, you do not want to own this stock.
Imagine being an analyst... you get paid to downgrade a stock only after it loses 70% of its value! Of course, they don't want people to sell because they are ultimately not on the hook for their calls. They just need client money, and when their analysts say buy buy buy, they get client money, and they win, regardless of how much the clients lose.
Don't know where the floor is..... but at the moment the metaverse doesn't work like expected und many companies don't want to spend money on advertising. That's a big problem for Zuck.
