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Facebook Investors Brace for 1.44 Billion Shares Set Free: Tech
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Facebook Inc. shares, which fell to a record low after insiders could sell stakes for the first time since the initial public offering, will face more pressure when another 1.44 billion shares are freed up through November.
Facebook last week unlocked 271.1 million shares, the first of five insider sale restrictions scheduled during its first year as a public company.