Facebook stockholder and hedge fund Tiger Global has decided to sell more than 23 million shares, up from 3.4 million a day earlier. Other big sellers of Facebook shares include Goldman Sachs, a Russian billionaire, and two Facebook insiders.
Goldman Sachs is controlling the Facebook IPO. Good news for Goldman's favorite investors, bad news for everyone else, says guest blogger Addison Wiggin.
Facebook revenue approaches $800 million in 2009, based on increases in users and advertising.