Facebook session expired australia how to#

I think a lot of investors, though, are waiting to see some consistency in the results,” said Jacob.

Facebook session expired australia how to#

Similarly, SunGard’s Astec Analytics, which also tracks interest in shorting, noted that the cost of borrowing Facebook shares is down more than 50 percent since the beginning of the month.īut the company delivered better-than-expected third-quarter results on October 23 and revealed that 14 percent of its advertising revenue is now from mobile ads, reassuring some investors it was beginning to figure out how to earn money from smartphone and tablet users. Investors who believe a stock will fall can bet against it by shorting the stock - that is, borrowing it and selling it in the hopes it will decline.Īccording to Markit, a financial information services company, about 28 percent of the shares available for short-selling were being borrowed for that purpose, down from a high of more than 80 percent in early August. There is some evidence the heavy interest in “shorting” the stock was dissipating, given the poor performance since it first sold shares in May. By his estimate, roughly 486 million of the nearly 800 million newly freed Facebook shares will be sold. “I would expect heavy volumes over the next few weeks, but not undigestible volumes,” said Wieser. Pivotal Research Group analyst Brian Wieser said he did not expect Facebook insiders to sell all of their shares as the lockups expired. That stock’s rally was boosted as short-sellers scrambled to cover their positions when the expected flood of selling failed to materialize, say analysts. In August, shares of the online reviews website Yelp Inc surged by more than 20 percent on the day that insider trading restrictions expired. People sell them leading up to the lockup period expiring, and then they have a bit of a relief rally,” said Ryan Jacob, chief executive of the Jacob Funds, which does not own Facebook shares. “We’ve seen this before with other lockups. The lockup expiration greatly expands the 921-million-share “float” available for trading on the market until now.

Roughly 800 million Facebook shares were eligible for sale on Wednesday after restrictions on insider selling were lifted on the biggest block since Facebook’s May initial public offering. “Given the low price, these long-term holders are deciding to hold the stock, and that is lifting it here as the fear of the expiration subsides.” “While the lockup is expiring, there is nothing requiring anybody to sell,” said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York. In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in Bern May 19, 2012.