There is quite a stir on the proposed $100 Million Facebook Employee share buyback which is stated to have been oversubscribed. The employee stock was brought by DST, a Russian investment firm following the $200 Million investment from the same in May. With this, the employees were supposed to confirm whether they will be selling the stock or not by August and the total selling was limited to less than a fourth of their total stock holding. However it landed heavy blows to ex employees as they had to cut short the amount by a small fraction (the exact amount remains undisclosed). It’s ironic though as execs and those having a lions share in stocks will be able to send more stocks with thanks to separate arrangements. Anyone who has more on this news?
