Facebook has a message for its employees selling stock: Don't. The company instituted a new insider trading policy Friday that prohibits employees from selling their Facebook shares unless a trading window is opened, people working on the project said. It also warns employees not to tip outsiders who might buy or sell based on the inside information. The policy, announced internally, comes in response to the rise of online trading sites that allow anyone to buy or sell shares of companies that have yet to go public.
Facebook Tells Employees Not to Sell Shares
April 5, 2010