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> Facebook sanctioned employees being able to sell stock up to a certain amount, in lieu of going public Does Facebook approve the sell price? If so then it's
by richcollins 16y ago
> Facebook sanctioned employees being able to sell stock up to a certain amount, in lieu of going public
Does Facebook approve the sell price? If so then it's likely biased up.
- bl4k 16y agoThey do not approve the price, but they have to approve the transaction and it can only take place within one of the allowed trading windows (Facebook has non-trading periods leading up to major events to prevent insider trading). They also have to make sure that they remain within the 500-shareholder rule, which would otherwise force them to go public (which is what happen to Google).