Facebook Stock Price Up 10.2 Percent On The Day And Climbing As Biggest Lockup Expires, Irrational Changes Are Over
Facebook share prices are up today, with shares at 21.91, 10.22 percent above yesterday’s level — and still climbing. It represents a 5 billion market capitalization gain. Today the company is experiencing its biggest stock-lockup expiration, with 773 million Facebook shares (NASDAQ:FB) held by employees now eligible to be sold on the open market. Notably, 504 million shares held by Mark Zuckerberg are eligible, but he declared that he wouldn’t sell them. Facebook’s stock closed at 19.86 yesterday. The stock was expected to take a slight hit following this largest lockup expiration, but the market anticipated the hit with a few days of downturn. At the same time, investors are not betting anymore on yet another price drop through short selling — a way to effectively pocket money when shares go down. Short-term profit based on a potential new share price drop is slowly disappearing as short-selling transactions have been drastically down for the month of October. It is good news ...
An E-Round For E-Help: Care.com Picks Up $50M From IVP And More For Further International Growth
The IPO market may be slowly opening up again post its Facebook contraction, but not all startups in their later stages are jumping. Care.com, the online marketplace for people to find helper for everything from childcare and tutoring to housekeeping, today announced an E-Round of finance worth $50 million, which it will use to continue its growth strategy specifically outside of its home market of the U.S. The round was let by Institutional Venture Partners, with participation from existing investors Matrix Partners, NEA and Trinity Ventures. This brings the total amount raised by the company up to $101 million, and comes on the heels of the company buying Berlin-based Betreut from the Samwer brothers, and launching the Care.com brand in the UK and Canada. The site, founded in 2006, now has 7 million users across 15 different countries, it says.