Facebook Raising $150M for Staffers' Stock Buy Back

May 19, 2009

It was reported that Facebook is wrapping up $150 million in financing to buy back stock from hundreds of its employees. A year ago, the social network raised $100 million in funding, on top of the $360 million in capital. Facebook will buy 15 million common shares at $10 each. Employees will be able to sell as much as 20% of their stock.