Are Facebook Employees Cashing Out While They Can?
Are Facebook employees cashing out their stock to avert a decline in the shares' value?
It seems that Facebook employees may be leading a growing trend in Silicon Valley: Cashing in on their soaring stock shares before a feared tech bubble crash wipes away their liquidity as it did to so many a decade ago.
A story in The New York Times chronicles a few unnamed Facebook employees who recently left the company to sell their stock — since company policy bars current employees from cashing in their shares.
While these former Facebookers are not alone in the Valley, they are definitely leading the way, accounting for 45 percent of all trades on SecondMarket, a leading marketplace for secondary shares.
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