Options traders are lukewarm about the potential impact of Facebook’s first-quarter earnings call Wednesday afternoon, according to a report in The Wall Street Journal’s MoneyBeat blog.
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Not too many people can handle a tax bill of more than $1 billion, but Facebook Co-Founder and CEO Mark Zuckerberg is a member of that exclusive club, and CNN Money reported that his total tab will likely end up at around $1.1 billion.
Facebook shares reached a new low of $28.84 apiece Tuesday, the first day that options trading was allowed.
The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.
Assuming the Facebook initial public offering launches Friday, as planned, Tuesday, May 29, would be the first day that options trading could begin on the social network’s stock.
