Yesterday, an extended IPO share lock-up expired, leading some early investors to sell shares into the open market.

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With the biggest share lock-up expiration out of the way, it seemed like believers in the Facebook story found it safer to buy into the stock.

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Facebook (NASDAQ:FB) has been one of the strongest stocks in the market over the past three weeks following the expiration of an 800 million share IPO lock-up period.

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"We say we want to share generously during really good times, rather than lock in really high wages all the time, " says Mr. Ayer.

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It will gain a fixed-line arm, but that is no recompense for what it will give up: its lock on the massive mobile market, encompassing two-thirds of Chinese customers and an even higher share of new subscribers.

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We saw perfectly fine companies, such as Applied Materials, an arms supplier to the Web, suffer share price skids of 40%, even though any chowderhead could tell you that demand for chips is a mortal lock to quadruple over the next five years.

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