Reid Hoffman Is Unloading Facebook Stock Before The IPO

Reid Hoffman Web 2.0 4x3

Prior to Facebook’s IPO, Reid Hoffman is going to sell a minority of his stock as part of a “diversification” strategy he tells Bloomberg News.

The LinkedIn chairman was a seed investor in Facebook, and Bloomberg via Who OWNS Facebook, says he owns 0.5% of the company.

He says he’s “holding onto the majority of my stock.”

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