Two years ago, I wrote about the origins of Facebook. The company had gone public with its IPO, which was tanking badly.
Here are key excerpts from the article:
"But now the Facebook stock has tanked. On Friday, August 17,  it weighed in at half its initial IPO price. For the first time since the IPO, venture-capital backers were legally permitted to sell off their shares, and some did, at a loss."
"This has the earmarks of a classic shakeout and squeeze play?First, they [insiders] drive down the price of the stock, then they trade it at low levels that discourage and demoralize the public and even semi-insiders. As the stock continues to tank, they quietly buy up as much of it as they can. Finally, when the price