patrick.net

Serpentor, I found some clarification for how the IPO/tax structure works.

The shares actually vest at the end of the lockup. Taxes are paid that day on the RSUs, in the form of shares. If an employee had 10000 shares vest that day, and their income put them in the 45% tax bracket, then basically the employer would withhold & sell 4500 shares that would be paid as income tax, and the other 5500 shares would belong to the employee. They can do whatever they want with those shares, and when they sell them they would only pay taxes on any gains if the price was higher upon selling than what it was when they vested. This is exactly how my employer handles stock awards too. So, nobody at FB is going to get "stuck" with some absurd tax bill that actually costs them something other than free money.

FB is priced at $27 per share. Doesn't look like the hype lived up to the hope.

LarryPatrickMaloney says

FB is priced at $27 per share. Doesn't look like the hype lived up to the hope.

Sure, but if you work there and have thousands of shares, free money is free money any way you slice it. Specuvestors are getting reamed, but that is the chance you take when you gamble.

LarryPatrickMaloney says

and I drove through Cupertino today, and notice a gazillion For Sale Signs.

I would totally love a photo of a bunch of forsale signs on the same street. I can put a circle around them if you send the photo and tell me where obscure ones are.