There is a thing called a lockup, which is a period of time during which a company’s employees (in this case Facebook employees) cannot sell their share after the company goes public. The lockup period for Facebook employees ended today. Guess what?

They’ve already dropped over 5.90%, as analytics are predicting the worst. Or the same, depending on which way you look at it.

The Telegraph had this to say:

The largest social media network went public in May in one of the most anticipated initial public offerings in years, with an initial sale of 421m shares. But concerns about valuation and growth prospects have hammered the shares, which closed on Wednesday at $21.20, compared with the $38 IPO price and a $45 high in the minutes after it started trading. The stock fell $1.08 to $20.12 shortly after opening on Thursday. [more]

Some punters are betting on the loss, to make some cash out of the company’s dilemma:

With more Facebook shares poised to hit the market in the days and months ahead, traders are turning to options to bet on continued weakness in the social network’s shares.

Bearish positioning in options expiring at the end of the year dominated Wednesday as anticipation built ahead of Thursday, the date of Facebook’s first “lockup” expiration–or the lifting of rules that bar early investors from selling certain shares into the market. [WallStreet.Journal]

WATCH THE FACEBOOK SHARE LIVE HERE.

Hold on tight, Zuck!

On that topic, I would like to add that I turned off each and every notification on Facebook this week. It’s a better life – try it.