Michael Arrington Just Bought Facebook Shares

May 21, 2012
J. Webster
Comments Off on Michael Arrington Just Bought Facebook Shares

So while Facebook’s stock is getting beaten down today, well below the offering price of $38 a share, someone stepped in and about some stock who knows a thing or two about the web industry: Michael Arrington. The former head of TechCrunch tweeted this:

Knowing Arrington though, he might have just about a few shares, sort of a sarcastic purchase in the “face” of all the backlash. Then again, maybe he went big and for the long term as a believer in Zuckerberg’s vision for Facebook.

When he tweeted the message Facebook was trading for around $34 a share but has since shot up higher to close to $35 a share. Does Arrington have the kind of power to move a stock like that?

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