Shares in Facebook jumped in heavy trading on the Nasdaq. The rise comes as millions of shares held by the company’s staff become available – the largest amount since the social network’s disastrous flotation earlier this year.
About 800 million shares could hit the market as company insiders get the go-ahead to sell for the first time.
“While the lock-up is expiring there is nothing requiring anybody to sell,” said one analyst.
The end of two previous lock-up periods led to Facebook stock suddenly flooding the market, triggering sales and a resultant fall in the share price.
Facebook’s 28-year-old chief executive, Mark Zuckerberg pledged not to sell any shares before September next year.
- 1HSBC freezes salaries and hiring
- 2Volkswagen emissions scandal delays 2015 financial results and shareholders’ meeting
- 3Love me tender: public contracts are great opportunities for SMEs
- 4ArcelorMittal share issue to counter falling profits from cheap Chinese steel
- 5SWIFT return to international bank transfers for Iran’s banks
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International news | euronews, latest international news
- 3Most Istanbul blast victims ‘were German’, says Turkey
- 4Madrid to appeal Catalan road to independence from Spain
- 5Hope vs harsh reality: challenges to global education goals in the 21st century
- 6Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 7Moldova: protesters storm Parliament
- 8Partnering to grow Europe
- 9Norway sends Syrian refugees back to Russia
- 10Extras : euronews : the latest international news as video on demand
- 11Merroussis clinches the 33rd Athens Authentic Marathon
- 12‘National’ funeral for Celine Dion’s husband ‘over the top’
- 13Jorge Lorenzo clinches his third MotoGP title in Valencia
- 14Brussels remains on high alert: ‘multiple operations underway’ across Belgium
- 15Benzema questioned in French sex tape case
- 16Special Reports : euronews : the latest international news as video on demand
- 17Paris: “I would rather see my brother in prison than in a cemetery”
- 18Caught by the Maasai at mid-on ‘Warriors’ play cricket
- 19latest Learning World - All Programmes | euronews : the latest international news as video on demand
- 20account : euronews : the latest international news as video on demand
Latest market news & analysis
Shares steady as markets shrug off impact of Paris attacks
Toshiba hit by record fine over scandal as sales slump
ECB to prepare fresh hit of QE for Eurozone?
Trip turns into stumble as European markets slump again
Oil price slump resumes as traders see slowdown compound glut
Wires > Business
- 11:13 CET Ex-Anglo Irish CEO says will waive extradition to Ireland if…
- 09:02 CET As Big Oil shrinks, boards plot different paths out of crisis
- 20:35 CET Seven countries call for EU action to help steel industry
- 20:22 CET Investors cheer Argentina’s swift offer to holdouts
- 01:36 CET Exclusive: Pentagon’s budget plan funds 404 Lockheed F-35 jets -…
- 01:08 CET BlackBerry cuts 200 jobs in Ontario and Florida to trim costs
- 23:04 CET New Jersey sues VW over excess diesel emissions
- 22:39 CET Global stocks fall after U.S. jobs report muddles Fed outlook