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Facebook cancels employee stock sale [Meltdowns]

6 years agoTechnology : Valleywag

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.
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Facebook Can't Find Buyers For Employee Stock

Technology / Technology Industry News : Silicon Alley Insider (6 years ago)

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

Zuckerberg donates 18M Facebook shares worth $500M to the Silicon Valley Community Foundation

Technology : The Next Web Blog (2 years ago)

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

Nasdaq tumble stops LinkedIn stock sale plan [Meltdowns]

Technology : Valleywag (6 years ago)

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


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