Facebook Plunge Limits Goldman Sachs Gain as Lockup Ends: Tech
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Facebook Inc.’s stock plunge has robbed Goldman Sachs Group Inc. and Microsoft Corp. of much of the potential gain they could unlock as soon as this week, when a ban on sales of insiders’ shares begins to lift.
While the end of the lockup has the potential to put additional pressure on the stock price, owners such as Goldman Sachs, which now has a stake worth about $900 million, face a dilemma: whether to sell now and realize a smaller profit or sit tight and risk further losses.