Some of Facebook Inc.'s FB 0.00% biggest investors now plan to cash out as much as half of their stakes in the social network's initial public offering this week.
Facebook said Wednesday it will boost the size of its IPO by 25%, or about 100 million shares, as early investors sell as much as $3.8 billion in additional shares.
via online.wsj.com
Rats deserting sinking ship? It's an unusually high amount of venture and angel money heading for the exits. Coming on top of GM pull out, this is another negative signal for FB's long-term prospects.
