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Saturday, 20 November 2010 22:16

Fixing a Hole

And it really doesn’t matter if I’m wrong I’m right where I belong, sings Paul McCartney on his latest album Sgt. Pepper’s Lonely Facebook Band, which sits high on the iTunes charts. Boy, is he not kidding. He’s taking the time for a number of things that weren’t important yesterday. So should

Sometime in the last week or so, we’ve heard from multiple sources, Accel Partners has sold very significant chunks of Facebook stock. So significant, in fact, that their ownership percentage has dropped to a point where they are no longer the largest venture shareholder in the company.

Prior to the sale they had somewhere around 10% of Facebook. They paid just

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