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 Send to email | Confirmed: Facebook Letting Employees Sell (And Buy) Stock This Fall in General |  By Silicon
el 05-Aug-2008 |
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 We've gotten official word from Facebook's PR folks, confirming yesterday's report: The company will let employees sell some stock this fall. No detail beyond that, but we'll update if we learn more.
'Facebook is committed to achieving its mission - to give people the power to share and make the world more open and connected - over the long-term. To provide employees with a financial cushion while we continue to build the company, Facebook has designed a one-time program to enable employees to realise [sic] some liquidity. Because this is an internal program for employees only, we are not making details of it available outside of the company.'
One previously unreported detail: We're told that in conjunction with the sale program, Facebook will also allow employees to buy shares in the company.
We don't have other information to pass along yet, but we are hoping to do so, with the help of the Facebook workforce. Facebookers: We know your bosses told you about the program last week. So why not tell us about it? There are more than 600 of you, so this stuff won't stay secret anyway. And wouldn't you prefer that we got it right? Ping us at pkafka AT alleyinsider DOT com, or if you want to stay ultra-anonymous, use our tip box.
See Also: Is Facebook Letting Employees Cash Out?
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| Facebook Connect coming soon to an iPhone near you |  During their annual developers conference yesterday Facebook revealed that their newly minted Facebook Connect protocol would be made available to iPhone application developers sometime this Fall. What this means is that iPhone apps will have access to Facebook Connect, allowing them to utilize your Facebook account, profile, and user information. While it might disturb the [...] [..] Read complete article | | Published 24-Jul-2008 by Joshua Karp in Applefacebookfacebook connectiPhone
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| Confirmed: Facebook Apps Are Useless |  Everyone knows that most Facebook apps are time-wasters, at best. But here's statistical proof from FlowingData: A breakdown of the service's 23,160 applications, via Facebook's self-selected categories.
We keep [..] Read complete article | | Published 02-May-2008 by Silicon in General
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| Study: Maybe Beacon Isn?t An Awful Idea After All | | Here's heartening news for Mark Zuckerberg: A new study says that 80% of 'social media users' are more likely to buy products recommended by friends or family. This, after all, was what Facebook's ill-fated Beacon project was supposed to do, before the thing blew up in Facebook's face last fall. But the blowback hasn't just hurt Facebook: It seems to have scared other social network [..] Read complete article | | Published 03-Apr-2008 by Silicon in General
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