Tuesday, March 22, 2011

Facebook Co-Founder Saverin Rumored To Sell $500M

Facebook Co-Founder Saverin Rumored To Sell $500M


Facebook Co-Founder Saverin Rumored To Sell $500M

Henry Blodgett says he heard that Facebook Co-Founder Eduardo Saverin sold $500 million in Facebook stock.
He didn’t name his source and said point blank that Business Insider hasn’t been able to confirm the rumor.
Good luck with getting that confirmed, Henry. We know that Facebook has a policy of not commenting on matters of speculation, and we said as much in our request for a comment from the company. If we hear anything other than a variation on “no comment,” we’ll be sure to update you all.
We completely understand why Facebook’s spokespeople don’t want to comment about matters of speculation. For instance, back on March 3, rumors circulated that one of the co-founders of Facebook was trying to unload 10 million shares. That same Friday, another rumor had it that General Atlantic may have bought 2.5 million shares. The following Monday, SharesPost announced it closed an auction of Facebook holdings at the second-highest price ever fetched for the shares.
Many people assumed that the rumors preceding the SharesPost announcement might have transpired during the auction. So maybe it’s not too big of a leap to wonder whether we might learn that Saverin’s sale might have occurred on SecondMarket, for instance.
Readers, what do you make of the latest rumor about Facebook shares?

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