Facebook Employees Prepare to Cash Out
Yesterday Valleywag got a scoop that Facebook employees who have stock options will now be able to sell out on November 1st. Apparently the process will be through a stock buyback plan. There are a number of factors that contributed to this decision none of which we can speak definitively on. We definitely can speculate though!
One thing that Valleywag claims is that trying to sell shares outside of the company will have “career-limiting effects”. Following the announcement that Facebook employees could sell shares there were a number of investment banks and private investors that said employees had reached out to them to try to sell shares.
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