Facebook execs selling their shares
http://www.businessweek.com/magazine/content/08_33/b4096000952343.htm
Business Week article says Facebook execs are selling their shares.
2 interesting things
1. There really isn’t supposed to be a market for this, and VC firms frown upon this. Apparently FB is addressing this internally.
2. The valuation is around $3.5 – $5 billion. That’s way below the $15 billion valuation Microsoft paid.
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