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Villanova School Of Business
Latest Villanova School Of Business Items
In an Aug. 14 story about Facebook's stock, The Associated Press reported erroneously that LinkedIn co-founder Reid Hoffman is a member of Facebook's board of directors. Hoffman has been an investor in Facebook since 2004 and is eligible to sell shares but is not on Facebook's board.
Facebook's early investors and a handful of directors will become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, one that will give many Facebook employees the same right to sell their shares this fall.