So much for Silicon Valley's latest get-rich-quick scheme. Facebook CEO Mark Zuckerberg has cancelled a plan to let employees cash out their shares early. In August, before the markets started to melt down and with Facebook worth $15 billion on paper, Zuckerberg unveiled a plan to let employees sell a small amount of their shares — no more than $900,000 or 10 percent of their stock holdings, whichever was less.
Today it was announced via a filing that Mark Zuckerberg, current CEO and founder of Facebook, has personally donated 18 million shares in the company to the Silicon Valley Community Foundation. At today’s closing... Keep reading ? Read Post
Conventional Valley wisdom: The chaos in the public stock markets won't affect private companies, right? Wrong. In August, LinkedIn had set plans to let employees sell some of their shares to investors. Interest in the company had b... Read Post
Suddenly, even a $4 billion valuation for Facebook seems generous. Valleywag's Owen Thomas: Facebook CEO Mark Zuckerberg has cancelled a plan to let employees cash out their shares early. In August, before the markets started to mel... Read Post