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Where the Tech World Gathers
Feb 10 20125:46 pm EDT -
Obama Blacklisted From Popular New App
Feb 09 20125:20 pm EDT -
Thermostat Startup Nest Comes Out Swinging
Feb 09 201211:46 am EDT -
Apps and Email, Together at Last
Feb 08 20124:30 pm EDT -
The Future Cemetery
Feb 08 201210:15 am EDT -
Open Letter to Congress on SOPA: Take a Breath
Feb 07 20121:00 pm EDT -
Greatest Generation Company Sues iPod Generation Startup Nest
Feb 06 20123:46 pm EDT -
Path Cuts Through Social-Media Noise
Feb 03 201212:10 pm EDT -
Gift Apps That Keep on Giving
Feb 01 20125:19 pm EDT -
A Proxy Piece of the Facebook Pie
Jan 31 20125:00 pm EDT
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Anyone Want to Buy Some Facebook Shares?
Sam Gustin asks: Stock market slump got you down? Sad that your formerly high-flying Google shares are down 30 percent since last year's peak?
Well, have I got a deal for you! You've heard about Facebook, the high-flying Web phenomenon. Now is your chance to get in on the action. How?
Facebook will soon allow current employees to sell up to 20 percent of their fully vested stock options at the company's internal $4 billion valuation, according to VentureBeat.
The move makes sense for Facebook, because it allows current employees to realize some of the value of the shares without having to leave the company. Former employees are free to cash in on all of their options without company permission.
In the grand scheme of things, we're probably not talking about a lot of money here, as Peter Kafka notes, but still enough to put some folks in a Beamer or maybe put some money down on a nice piece of Silicon Valley property.
For investors, the plan could mean an opportunity to get a piece of the hottest Web 2.0 companies around. So what if they don't have a sustainable business model yet. That didn't stop Microsoft from investing $240 million in the company. So act now, and grab your piece of the Facebook pie, before it's too late!
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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