Facebook staff might sell fortune in stock: report (AFP)
SAN FRANCISCO (AFP) – Facebook may permit employees delude up to $1 1000000000 in shares at a price that would continuance the ethnic networking assist at $60 billion, profession programme website All Things Digital said Thursday.
Heavy interest by large institutionalised investors prompted Facebook to consider freeing workers to delude a fortune in have in the privately-held Calif. company, according to All Things Digital.
Such a move would stingy that Facebook believes its worth has jumped 20 percent since last month, when it upraised $1.5 1000000000 from investors in a clannish deal substance that pegged its continuance at approximately $50 billion.
The price of the doable employee have sale would provide Facebook a large appraisal than companies same Boeing or Time Warner.
Yet its annual revenue, primarily supported on advertising, is estimated at $2 billion, compared with Boeing's $64.62 1000000000 and Time Warner's $26.5 billion.
Facebook would be letting employees cash in on the success of the website patch the privately-held concern reportedly ponders an initial open substance of stock.
Facebook co-founder Mark Zuckerberg, who is said to own a lodge of the company, has resisted pressure to start an initial open substance of stock. The 26-year-old was recently named Time magazine's "Person of the Year."
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