DEAR FACEBOOK EMPLOYEES: Here’s The Truth About Your Stock Price
Henry Blodget for Business Insider:
Facebook’s stock has dropped by half since the IPO three months ago.
And the stock price is now well below the level at which most employees have been granted stock in the past 18 months.
This means that most current and former Facebook employees are worth far less than they were a few months ago.
Facebook’s stock crash is also hurting morale at the company, and damaging perception of the company’s business and brand. The impact is big enough that Facebook CEO Mark Zuckerberg, who has been crystal clear about his desire to ignore the stock price, admitted at a company meeting that the stock crash has been “painful” for everyone.
Is Facebook The Next Google? With the Facebook employee lock-up releases coming in October and November, this isn’t just an issue of morale and “paper net worth.” Current and former Facebook employees have been counting on the stock to buy things (houses, for example). So it’s a matter of near-term financial planning.
With this in mind, here’s what Facebook employees should understand about their stock price:
Smart list — not only for Facebook employees, but also potential investors. Give it a read.
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