Facebook’s outside investors aren’t the only ones feeling
cheated, if you can trust the NY Post report.
In Silicon Valley, where tech workers are lured with piles
of stock and promises of instant riches, the social network’s employees are
sitting on sinking shares that they can’t cash in for several months.
Since Facebook sold shares to the public at $38 a pop last
Friday, the average employee has lost an estimated $844,000, based on
yesterday’s closing price of $32. Shares rose 3.2 percent yesterday, their
first daily gain.
Facebook’s cool-company status is in jeopardy if the
stock-price erosion continues, sapping the super-sized growth that attracted
workers in the first place, recruiters said….
Read more: http://www.nypost.com/p/news/business/silicon_losers_y4xMg7vKwANTwx30RW2erO#ixzz1voCJw8HM
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