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We had reported earlier this weak about Facebook’s employees allowed cashing in on 20% of their stock options at a valuation of $4 billion but Business Week has come out with more information about the transactions that are already taking place. Among them are the names of, founder Mark Zuckerberg and executive Matt Cohler who recently called it quits on Facebook.
It adds:
Laurence Albukerk estimates "dozens" are peddling stock altogether, through him or other brokers. Another finance executive, who would not speak for attribution, confirmed Facebook insiders are selling. Among those who have sold are CEO Mark Zuckerberg and executive Matt Cohler.
The problem here appears to be that these employees are selling their stocks at$5 billion valuation, higher than the company’s internal valuation of $3.75 billion. This might very well force Facebook to raise the bar on its valuation. In order to hit back at this situation, Facebook has asked its employees leaving the company to sign an agreement that says they won’t sell their stocks higher than the valuation put up by the company.
What could the reasons be for this restriction? Perhaps to prevent employees from selling their stocks thinking that their stocks are worth more at present and on the other hand help Facebook put down any chances of raising its current valuation. This signals higher tax rates for employees disabling Facebook from recruiting talent that can be utilized for Facebook’s success.
Personally it appears Facebook has run head-on into some serious issue here and its trying everything possible to bring this under control; sooner the better appears to be the call of the day.
2-3 years all these companies will be gone and broke.
I hope they saved some of that money and like always
cutting edge info get a fresh post for my blog bring me something strong about Google
that even I don’t know.That s going to be hard.Especially sonce you hate google so go ahead and
write 10 reasons why google sucks or whatever and I’ll hold my post and don’t my cool ass topic
“Do You work for Google or does Google work for You?” Let me know when your ready because I’m;)
Let’s work even harder,faster so we can put these on auto post and chill at the beach:)
I come here every night So I don’t want to see that Google post,just playing you can work it I just spit em out;)
You go a thumb on that?
Try to see if you can verify me as Do Follow I want to 100% sure
Hey check this out and no I’m not trying to just drop a link like you can always do at mine;)
http://potpolitics.com/2008/08/04/do-follow-maybe-not/
that was weak writing but there was a good add on and the fact many people that THINK they’re DO Follow are really not;)
THUMBS UP ALWAYS I LOVE this BLOG;)
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