Re:Facebook to let employees sell some stock — at internal $...
by cypress-hill on Tuesday August 05, 2008 @01:13AM
(#267186)
Exactly how do they plan to let employees sell stock without accidentally becoming a public company?
they sell it to banks and/or investment firms who are basically buying a futures contract on a facebook ipo. the employee loses their rights to sell these shares, the bank gains the rights.
they sell it to banks and/or investment firms who are basically buying a futures contract on a facebook ipo. the employee loses their rights to sell these shares, the bank gains the rights.