Accel Partners

As Investors Unload Facebook Shares, Stock Tumbles Below $20


Thursday was the first day that major investors in Facebook could sell their shares — and one company did just that. Accel Partners, one of the earliest investors in the social network, reportedly sold 50 million shares of Facebook (total worth: roughly $1 billion). Others could follow suit soon. Facebook’s stock, which closed Wednesday at $21.20 per share, fell to $19.87 when the closing bell rang Thursday.

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Does Accel Have a New Facebook Fund?

-Accel Logo-According to Nicholas Carlson, Accel partners, one of the initial investors in Facebook, just close a $1 billion round, $480 million of which is going toward a new “Growth Fund”, for late-stage companies. While Facebook says that they have plenty of money in the bank, many have been speculating about the company’s cash position stating that the cost of growth has been extremely costly forcing them to raise another round.
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