Facebook continues to suffer bad news and its stock price now sits at about half the price it IPO’d for back in May. Major shareholders are clearly starting to get uncomfortable, with corporate investors like Goldman Sachs and Microsoft eager to reach the end of the insider share sales lockup period.
The upper level executives are starting to flee as well, likely in attempts to get off the ship before it goes under. Facebook is by no means a dying company, not yet anyway, but growth has drastically slowed from the previously reported figures.
Asked for comment, a Facebook spokeswoman said on Thursday that Ethan Beard, director of platform partnerships; Kate Mitic, platform marketing director; Jonathan Matus, mobile platform marketing manager; and Ben Blumenfeld, design manager, have all in the past week or so resigned from the company.
The executives cited mixed emotions for leaving, which means that at best they weren’t entirely happy in their situation, and at worst, Facebook should have concerns about more of this to come.