The market still doesn’t trust ad tech…

sdsfsdfThis morning it was announced that Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. The news has sent Facebook shares tumbling, currently down 2.2% in market trading, which means their market cap is dropping by just below $3 billion this morning.

When a digital advertising titan like Facebook is dropping by 220 basis points on news that the company is moving some shares around for tax purposes, it’s certainly not an invitation to invest your kid’s college tuition in the sector. While markets are always volatile, this morning emphasizes that ad tech is still a risky bet.


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