Are Facebook Employees A Bunch Of Mercenaries?

That’s what you’d think if you read Sarah Lacy’s exposé on Facebook’s buyback program. Apparently it came as a surprise that an excessive number of employees wanted to sell their shares before an initial public offering inaccurately projected for later this year. So why would all these employees rush to sell shares when they could be worth much more at the time of an IPO?

As Mark Zuckerberg has said repeatedly, he is in this for the long-term and giving employees the opportunity to sell some of their shares makes a lot of sense.