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I wonder how many shares of Facebook are available to be bought in any market. If the shares are indirectly rationed by Facebook through their approval of any s
by haily 15y ago
I wonder how many shares of Facebook are available to be bought in any market. If the shares are indirectly rationed by Facebook through their approval of any shares being sold, wouldn't this create an artificial limited supply of Facebook shares?
- mhp 15y agoMy guess is they have right of first refusal for any ex-employees selling shares. So the ex-employees would have to sell to someone sanctioned by Facebook, or the ex-employees could force Facebook to buy the shares back from them if they found a willing buyer that Facebook didn't approve. With current employees, Facebook probably has a lot more control over who they can sell to. (It may be limited to people who already own shares)