venturebeat.com— Facebook has almost finished raising $150 million in capital, in an extraordinary move by the company to buy out shares of hundreds of regular employees.
May 16, 2009View in Crawl 4
"Exactly what value have they created?"Whatever value day one employees pour into an upstart and hopefully cash in on someday. Maybe some database guys want a booster check or to retire early, or to go start another venture, who knows. But the fact that upper management is pushing this tells you that something isn't right at Facebook. Either it's a buyback-to-sell or the top rats are about to jump ship and want to cash out first.
As about as much as I am of everyone who wins the lottery or starts a successful company, the jealously is just writhing in me...In other words, that was a stupid question.Facebook is a scam, and it always was, so to be jealous of him would be like being jealous of a con man who made a lot of cash. It's about his lack of ethics, and people's stupid ideas about the way things are right now.
"Even if it was evenly distributed, the employee would only take home a $100k bonus."Yes, what a pathetic sum. Tell that to the millions of Americans who are unemployed, uninsured, or who earn barely enough to pay their rent and utility bills...
mojiraMay 17, 2009
No, I divided the 150 million that Facebook is raising in order to buy out their 700 employees. Not the billions Facebook is valued at.
popfrogs2May 18, 2009
"Exactly what value have they created?"Whatever value day one employees pour into an upstart and hopefully cash in on someday. Maybe some database guys want a booster check or to retire early, or to go start another venture, who knows. But the fact that upper management is pushing this tells you that something isn't right at Facebook. Either it's a buyback-to-sell or the top rats are about to jump ship and want to cash out first.
rantusMay 18, 2009
As about as much as I am of everyone who wins the lottery or starts a successful company, the jealously is just writhing in me...In other words, that was a stupid question.Facebook is a scam, and it always was, so to be jealous of him would be like being jealous of a con man who made a lot of cash. It's about his lack of ethics, and people's stupid ideas about the way things are right now.
freediverxMay 18, 2009
"Even if it was evenly distributed, the employee would only take home a $100k bonus."Yes, what a pathetic sum. Tell that to the millions of Americans who are unemployed, uninsured, or who earn barely enough to pay their rent and utility bills...
freediverxMay 18, 2009
...and CDNOW arguably had a more promising business model at the time than Facebook has now.
hansrodtangMay 19, 2009
If that was the goal he is too late, he already refused to sell for 1 billion dollars.