What Facebookers Plan to Do With Their IPO Riches
At least 1K new millionaires will likely be created
By Kate Seamons,  Newser Staff
Posted Dec 9, 2011 10:32 AM CST
Updated Dec 11, 2011 8:28 AM CST
Facebook CEO Mark Zuckerberg, right, talks with employees in Palo Alto, Calif., on Wednesday, Aug. 18, 2010.   (AP Photo/Tony Avelar)

(Newser) – When it comes to Facebook, most of us ponder big questions like, "Is my profile picture cute enough?" But for a group of around a thousand people, the big Facebook-related question is more along the lines of, "Do I sail around the world in a hot air balloon or buy 1,000 pairs of Louboutins once I become a millionaire next year?" Reuters reports on the luxurious side of the company's impending initial public offering, which is expected to bestow millions on even lower-level employees. In keeping with securities regulations, employees will be able to cash in stock options about six months after the IPO. Here's what some of them are planning to do with their money:

  • One employee who thinks his shares will be worth about $50 million plans to book a $200,000 seat on a Virgin Galactic flight into space.
  • One group of employees was initially planning to travel through the jungles of Mexico to Mayan ruins, which they would then excavate; they're now planning on teaming up with an existing archeological team.

 

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