Facebook Stock Sale Called Off

It looks like the once much hyped Facebook stock sale has been called off. Owen Thomas of Valleywag was first to report the news following receipt of an internal email from Mark Zuckerberg in which he states that the company hasn’t been able to finalize a plan for the employee stock sale. Not good news for those Facebook employees who were looking to cash out just under $1 million of shares.

Eric Eldon of Venturebeat has reached out to Facebook for information and got back the following statement from their communications people: