Facebook employees are about to find out what turned their boss on about a billion dollars. The company is looking to unload around $1 billion in employee-owned stock, as the worker bees who have sacrificed cash for years look for a bit of upside. And, Facebook is doing it in style.
The social media company is looking to help its devoted employees cash out of some shares at a valuation of $60 billion … that’s “cool” 60 times over. It’s also a 20 percent jump over the company’s previous valuation of $50 billion.
And, it hasn’t even gone public yet.
So, what happens next? Well, whether this transaction closes or not, it looks like Facebook is on track to a 2012 IPO, in which many, many dreams are likely to come true.