Facebook Employees Can Now Sell Company Shares - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Facebook Employees Can Now Sell Company Shares

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(KCEN) -- Facebook is lifting prescriptions on its employees.

Starting today, current and former employees of Facebook can sell their company allotted shares for the first time.

Overall, employees own more than 230 million shares or about 11 percent of the company's 2.1 billion total shares.

Lifting the ban could flood the market with Facebook stock, causing the price to plummet.

Facebook stock has struggled to gain value since the company's initial public offering last May.

 

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