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Does anyone have any insider info on when Facebook's employee lockup period ends? The shares won't end up worthless but I can't see them being worth billions.
by nicholassmith 14y ago
Does anyone have any insider info on when Facebook's employee lockup period ends? The shares won't end up worthless but I can't see them being worth billions.
- tghw 14y agoGenerally, it is 6 months after the IPO.
- mattlong 14y agoEmployees are typically awarded stock options with a non-zero strike price based on the FMV of the company at the time the options grant. Those options very well could end up worthless.
- hughw 14y agoI imagine many of them hedged with options on the open market. [edit] I just learned below that that market just opened, so that strategy must not have been available to them.
- zeroonetwothree 14y agoEmployees are not allowed to trade in FB options.
- jquery 14y agoHedging Zynga options should work almost as well.