This coming Wednesday will not be your ordinary “hump day” at Facebook, as 773 million shares of the social network could be released into the market as another lockup period expires.
773M Facebook Shares Could Hit Market Wednesday
Restricted Stock Units
Mediabistro Event
Lisa Raphael (left), the social media producer at Katie Couric's daytime talk show Katie, is one of our featured speakers in Mediabistro's upcoming Social Media Marketing Boot Camp, an online event and workshop starting June 6, 2013. Lisa will share a case study on how the hit show uses Twitter to build interest and buzz around upcoming segments. Learn more about our our twelve event speakers and register here.
Discover Marketing Secrets Behind Katie's Twitter Success
Lisa Raphael (left), the social media producer at Katie Couric's daytime talk show Katie, is one of our featured speakers in Mediabistro's upcoming Social Media Marketing Boot Camp, an online event and workshop starting June 6, 2013. Lisa will share a case study on how the hit show uses Twitter to build interest and buzz around upcoming segments. Learn more about our our twelve event speakers and register here. Six Facebook Executives File Form 4s With SEC To Convert Restricted Stock Units Into Class-B Shares
What do Facebook Chief Operating Officer Sheryl Sandberg, Vice President of Advertising and Global Operations David Fischer, VP of Engineering Mike Schroepfer, Chief Financial Officer David Ebersman, Chief Accounting Officer David Spillane, and General Counsel Ted Ullyot have in common, besides the company that employs them? All six filed Form 4s with the Securities and Exchange Commission Friday to convert their restricted stock units into a total of 45.3 million class-B shares Oct. 29.
Uncle Sam, California Benefit From Facebook Employees’ Stock Windfall
On Monday, rank-and-file Facebook employees will be able to sell their stock, which officially came to fruition Thursday. Collectively, the roughly 225 million shares are worth about $5.2 billion, based on Wednesday’s closing price of $23.23 apiece. But it’s not just Facebook employees who are excited for a potential sell-off — the federal and California governments stand to profit from this, as well.
Latest Facebook S-1 Amendment Addresses Mobile Advertising Issues, Employee RSUs
Facebook late last night filed the sixth amendment to its S-1 filing with the Securities and Exchange Commission for its May 18 initial public offering, acknowledging the challenges of monetizing advertising on its mobile products, and announcing the grant of restricted-stock units to employees.
Facebook Will Boost Its Credit Line Before The IPO
Facebook has a potentially taxing problem on its hands, and the company will address it by increasing its $2.5 billion credit line.
Graduating Engineers To Facebook: Nice Package!
Recession? What recession? Assuming two anonymous responders to a Quora post are telling the truth, there’s certainly no shortage of money for engineers joining Facebook straight out of school.
