iEntry 10th Anniversary RSS Newsletter Advertising
Join the WebProWorld Forum!
Text: Decrease Font Size Increase Font Size | Print Print Article | Share: Delicious Digg StumbleUpon Post to Twitter Post to Facebook
CommentMonday, October 29, 2007

Microsoft Causes Fresh Facebook Hiring Problem

Several people have left Google to work for Facebook, and one of the main reasons behind their departure may have been the social network’s stock options.  Due to Microsoft’s recent investment, however, such departures could stop.

Microsoft As just about everyone knows by now, Microsoft’s $240 million put Facebook’s value at $15 billion.  This drew varying levels of admiration and outrage from onlookers, but most relevant to this article is the fact that the price of Facebook’s stock options should rise as a result, making them considerably less of an enticement to any prospective employees.

Don’t expect the company to release details on the matter - corporations generally don’t discuss stock options.  Still, Facebook is trying to downplay any negative effect.  According to the Wall Street Journal, “Facebook board member Jim Breyer says that while ‘the valuation on stock options will absolutely rise’ at the company, others -- such as Microsoft, Google Inc. and Cisco Systems Inc. -- were able to hire talent even ‘after they had public valuations in the billions.’”

But if one of the biggest financial incentives to work for Facebook has been taken away, hiring people will become a lot harder.  Unemployed jobseekers might once again fixate on the Googleplex, and Googlers who are already within its walls will be especially hard to budge.

Oh, well.  In terms of companies to draw from, at least there’s always Yahoo.

About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

Publish A Comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
9 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
SEARCH
Popular WPN Business Resources












Subscribe to WebProNews


Send me relevant info