Reid Hoffman On Investing In Facebook Now: He?s Waiting For The Lock-Ups To Pass

As one of Facebook's very earliest backers (with a $37,500 investment at a $5 million valuation), LinkedIn co-founder Reid Hoffman sounds neutral on the company for the next six months, but bullish over the very long-haul. At TechCrunch's Disrupt conference in San Francisco today, he said that he's waiting to see how the broader market responds to employee lock-up dates over the next few months. After waiting for as long as four years, employees will finally be able to cash out on their shares or restricted stock units, which could dampen Facebook's shares further in the short-term. Facebook is trading at $18.75, down from the initial $38 price it debuted at in May.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/t4KMEW3sLF0/

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