LinkedIn Chairman Sells Small Stake of Facebook Stock

Bloomberg is reporting that Reid Hoffman, the visionary CEO of LinkedIn, is selling some of his Facebook stock that he had purchased as an early investor in the social network.  It only represents a minority of his overall share in the company, and he claims it is part of a “general diversification strategy.”  This makes sense, but it does raise the question about whether Facebook will actually maintain its current valuation of nearly $100 billion.