Andreessen Horowitz Isn’t Selling Any Facebook Shares Because “We Believe In The Longterm Value Of The Company”

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http://techcrunch.com – There are some erroneous reports floating around that investment firm Andreessen Horowitz is selling its stake in Facebook. Quite the contrary, it’s holding on to all of its direct investment, and Wall Street shouldn’t get spooked. What is happening is that A16Z is distributing to its limited partners the shares it got from when Facebook bought its portfolio company Instagram. As we reported in September and is confirmed by today’s SEC filing, Marc Andreessen the individual is selling a portion of his personal stake in Facebook that he got for being one of the company’s (IT news)