The latest post on ‘ReadWrite’ is titled “Short Squeeze? Why Facebook’s Stock Went Up Instead Of Down On Nov. 14”.

Taylor Hatmaker says, “Wednesday, a pool of about 800 million Facebook shares were set free as the next tier of restrictions on insider selling of the company’s stock expired – but even those disgruntled Winklevii didn’t cash out. While many observers expected the worst, and indeed plenty of short sellers bet on it, instead Facebook shares shot up 12.6%, closing on Wednesday at $22.36. (The stock slumped slightly on Thursday, closing at $22.17.)

While those numbers still don’t approach the company’s IPO debut of $38 a share, it certainly was a perky development given Facebook stocks overall issues”.

Short Squeeze? Why Facebook’s Stock Went Up Instead Of Down On Nov. 14

ReadWrite

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