What the Facebook Skeptics Know

What Wedbush Securities analyst Michael Pachter on Thursday called “media hype” about Facebook’s lockup expirations, I would call market transparency.

Thanks to the intense media scrutiny Facebook has received, retail investors now know more about the company than perhaps those on Wall Street would like. They know that more than 1.3 billion Facebook shares will become available for sale by insiders between now and year’s end.

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About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

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