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Facebook Raises $150M More to Cash Out Employees
Posted: May 20th, 2009, 16:00
by News Reader
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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Source: [H]ardOCP News/Article Feed
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Posted: May 20th, 2009, 16:19
by buzzmong
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.
Posted: May 20th, 2009, 17:33
by HereComesPete
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.
Posted: May 20th, 2009, 18:16
by buzzmong
What the fuck? Where did narf come from? Damn werd felcher and I've no idea what word it was either.
Posted: May 20th, 2009, 18:27
by HereComesPete
Something like imo or iirc.
edits - Or not.
edits 2 - I just looked at your post, it's narf.
Posted: May 20th, 2009, 18:36
by deject
HereComesPete wrote:edits 2 - I just looked at your post, it's narf.
confirmed
Posted: May 20th, 2009, 19:42
by Hehulk
narf?
Posted: May 20th, 2009, 20:40
by MORDETH LESTOK
Posted: May 20th, 2009, 20:58
by HereComesPete
What are we going to do tonight brain?
Posted: May 20th, 2009, 21:01
by buzzmong
The same thing we always do Pinky....
Posted: May 20th, 2009, 21:13
by amblin
.
Posted: May 21st, 2009, 0:40
by friznit
ummm...
narf
Posted: May 21st, 2009, 0:56
by FatherJack
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.
Posted: May 21st, 2009, 0:59
by Dr. kitteny berk
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.
Posted: May 21st, 2009, 1:28
by MORDETH LESTOK
FB is okay...but there's gotta be something better soon...I'd take the money and run...
Posted: May 21st, 2009, 1:55
by MORDETH LESTOK
HereComesPete wrote:What are we going to do tonight brain?
You know...Pinky and the Brain the first couple of seasons were just...awesome
Posted: May 21st, 2009, 6:22
by Hehulk
Did we just find something that you actually like Mord
Posted: May 21st, 2009, 8:46
by TezzRexx
This thread is retarded, narf!
Posted: May 21st, 2009, 8:48
by TezzRexx
MORDETH LESTOK wrote:
You know...Pinky and the Brain the first couple of seasons were just...awesome
Wasn't it part of the Animaniacs?
Posted: May 21st, 2009, 8:49
by Dr. kitteny berk
TezzRexx wrote:Wasn't it part of the Animaniacs?
Originally, yes. but it got a kickass awesome spinoff of great win.
