Mark Zuckerberg Has Sent You a Gift: A Small Fortune
by John Paczkowski
Posted on August 4, 2008 at 2:37 PM PT
So much for “growth over profits,” or should I say “growth over as-of-yet-unrevealed meaningful profits”? Word on the street has it that Facebook is considering a program that would allow employees to sell up to 20 percent of their vested shares. At a presumed company valuation of $4 billion–this is common stock, not preferred stock, which presumes a value of $15 billion–those shares could become a nice bonus for employees who choose to sell them. And given the absence of certain future “liquidity events” in which Facebook professes to have no interest, it’s an easy way for the company to hang on to early hires who may be losing patience waiting for an IPO.
