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Facebook Board Member Jim Breyer Just Sold A Massive Amount Of Stock (FB)

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Mark Zuckerberg Katy Perry Jim Breyer

Facebook board member Jim Breyer just sold $81 million worth of stock, Forbes reports.

Breyer is a partner at Accel Parnters, one of Facebook's early investors.

Many will interpret this as a bearish sign for Facebook.

But Breyer still owns $158 million worth of Facebook stock.

Maybe he wants the $81 million to buy some things or diversify a bit.

On Monday, one of Facebook's final big three insider lock-ups expired.

The second lock-up, which is much larger, will hit on November 14th. The third will hit December 14th.

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