Facebook IPO could create up to 1,000 new millionaires

[gone down south]

Originally Posted by Twinkle Toes

The insiders probably already bought up most of the stock at incredibly low prices prior to the IPO - those are likely the 1,000 new millionaires they're talking about. The day the news broke about the IPO their stocks probably skyrocketed 1000% and everybody else is buying at the inflated price.

I'm no "Miss Cleo", but I'm seein' an SEC investigation in the not-too-distant future!

Where in God's name did you get this info from, other than making it up?

There are plenty of long-term employees with fully vested options. Once the stock starts trading publicly they'll be able (after a certain waiting period) to buy at predetermined low prices and resell at market value. There's no hanky panky, it was part of their compensation plan.

[gone down south]

Originally Posted by mayorhaggar

1,000 people are going to make a difference? In a region of 6 million people? All it will do is make rent keep going up for the rest of us while our salaries stay as stagnant as they've been for the last 4 years. It's good if you're inside the tech bubble but tech firms employ a small number of people considering how much money they make. I bet a lot of the new millionaires will cash out and retire at 35 to some small town in the middle of nowhere and take their money with them. It's what I'd do.

And trickle-down economics doesn't work. The smart new millionaires will invest their money, often overseas, and it won't make its way into the local economy here.

Let's say 1000 people are now worth (on paper) $1million.
They're going to buy houses, go on vacations, eat at fancy restaurants, get nice clothes, lots of money will make it's way into the local economy. They're not going to park 100% of it in Swiss bank accounts.

And besides those 1000, pretty much all the employees with a couple years' service are going to have some kind of stock option, even if it's just a few bucks. Maybe get a nicer apartment, maybe buy lunch out instead of eating in the cafeteria, it'll help one way or another.

[EscapeCalifornia]

Originally Posted by gone down south

Let's say 1000 people are now worth (on paper) $1million.
They're going to buy houses, go on vacations, eat at fancy restaurants, get nice clothes, lots of money will make it's way into the local economy. They're not going to park 100% of it in Swiss bank accounts.

And besides those 1000, pretty much all the employees with a couple years' service are going to have some kind of stock option, even if it's just a few bucks. Maybe get a nicer apartment, maybe buy lunch out instead of eating in the cafeteria, it'll help one way or another.

Since when is $1M big bucks in SV? Can you even buy a house for that?

[Twinkle Toes]

Originally Posted by gone down south

Where in God's name did you get this info from, other than making it up?

There are plenty of long-term employees with fully vested options. Once the stock starts trading publicly they'll be able (after a certain waiting period) to buy at predetermined low prices and resell at market value. There's no hanky panky, it was part of their compensation plan.

Take off the rose-colored glasses .............

[Capt. Dan]

Originally Posted by Twinkle Toes

Take off the rose-colored glasses .............

OOH! Its the HOT Pepperdine dancer!! How ya been girl??

[jeffredo]

Originally Posted by Bulldogdad

Is it just me or did they make Zuckerberg look like a Greek God in that pic.

That head shot also reminds me of the Statue of David.

Nero haircut FTW.