Facebook to Start Letting Employees Sell Shares
Looking to buy some hot Facebook stock? It looks like you may be able to start purchasing shares from insiders at a $4 billion valuation starting this fall according to Eric Eldon. Eric cites some “well connected” sources about this new ability to sell out early. The employees can’t sell all their shares though, only up to 20 percent for the time being.
Given the rumors of a number of employees trying to sell out early on and given that Facebook won’t be going public anytime soon there’s a good chance that a number of employees will take this option.
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