Facebook Raises $150M More to Cash Out Employees

News Reader · Post by **News Reader** » May 20th, 2009, 16:00

Facebook Raises $150M More to Cash Out Employees
Facebook is raising $150 million in capital to buy back shares from its employees? That's a neat trick, just put out your hand and $150M falls into it so you can buy back your own stock from employees? I gotta learn that one.

Most employees were awarded several thousands of shares valued at far less than a dollar each. Now, by selling to those shares investors for a private market value of $10 each, employees can enjoy a nice windfall. According to our sources, the transaction will include the buying out of roughly 15 million common shares  thus equaling around $150 million total value.

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Publish Date: Wed, 20 May 2009 08:05:00 CDT
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buzzmong · Post by **buzzmong** » May 20th, 2009, 16:19

Or, if I was an employee, I'd keep my shares narf. Might be a small windfall now, but providing FB keeps expanding and growing, a bigger windfall later.

Post by **HereComesPete** » May 20th, 2009, 17:33

Narf!

I'd definitely hold on to any shares I had, they're making money on the strength of this buy-back let alone the fact that faecesbook is still expanding.

buzzmong · Post by **buzzmong** » May 20th, 2009, 18:16

What the fuck? Where did narf come from? Damn werd felcher and I've no idea what word it was either.

Post by **HereComesPete** » May 20th, 2009, 18:27

Something like imo or iirc.

edits - Or not.

edits 2 - I just looked at your post, it's narf.

Post by **deject** » May 20th, 2009, 18:36

HereComesPete wrote:edits 2 - I just looked at your post, it's narf.

confirmed

Hehulk · Post by **Hehulk** » May 20th, 2009, 19:42

narf?

MORDETH LESTOK · Post by **MORDETH LESTOK** » May 20th, 2009, 20:40

Post by **HereComesPete** » May 20th, 2009, 20:58

What are we going to do tonight brain?

buzzmong · Post by **buzzmong** » May 20th, 2009, 21:01

The same thing we always do Pinky....

amblin · Post by **amblin** » May 20th, 2009, 21:13

friznit · Post by **friznit** » May 21st, 2009, 0:40

ummm...

narf

Post by **FatherJack** » May 21st, 2009, 0:56

I'd sell at $10 a share, Facebook might be growing, but I think it's another Friends Reunited as far as making money goes.

Post by **Dr. kitteny berk** » May 21st, 2009, 0:59

FatherJack wrote:I'd sell at $10 a share, Facebook might be growing, but I think it's another Friends Reunited as far as making money goes.

strikes me as a moneypit with no decent revenue sources.

MORDETH LESTOK · Post by **MORDETH LESTOK** » May 21st, 2009, 1:28

FB is okay...but there's gotta be something better soon...I'd take the money and run...

MORDETH LESTOK · Post by **MORDETH LESTOK** » May 21st, 2009, 1:55

HereComesPete wrote:What are we going to do tonight brain?

You know...Pinky and the Brain the first couple of seasons were just...awesome

Hehulk · Post by **Hehulk** » May 21st, 2009, 6:22

Did we just find something that you actually like Mord

Post by **TezzRexx** » May 21st, 2009, 8:46

This thread is retarded, narf!

Post by **TezzRexx** » May 21st, 2009, 8:48

MORDETH LESTOK wrote: You know...Pinky and the Brain the first couple of seasons were just...awesome

Wasn't it part of the Animaniacs?

Post by **Dr. kitteny berk** » May 21st, 2009, 8:49

TezzRexx wrote:Wasn't it part of the Animaniacs?

Originally, yes. but it got a kickass awesome spinoff of great win.