Zynga insider activity is all selling
Commentary: Backers and execs continue to dump post-IPO shares
Almost eeriely similar to web 1.0… The only difference was that during web 1.0 startups, we didn’t get around the 180 day lockup restrictions. Butwhen the 180 day lockup expired, insiders sold as much as as possible to ordinary shareholders…Looks like these latest IPOs have figured out how to get around the 180 lockup restriction…. Ingenius…What better way to screw retail post-ipo shareholders……
The old pump and dump. Buy hey, wall street banks got to get paid…Enjoy the freefall. Meanwhile looks like VXX will be our friend for the next few months.
