Starry-eyed tech investors have been dreaming of Facebook’s IPO party for years. Anders Bylund dreams of piles and mountains of cash. The kind that you swim in. The kind you get when Microsoft (Nasdaq: MSFT) says you’re worth $15 billion.
Mr. Softy had me convinced. But then Facebook executives began selling stock. (A selling plan for all employees is in the works and ready to go active on Nov. 1, according to The Wall Street Journal.) Key staffers left. More key staffers left. And then, last week, co-founder Dustin Moskovitz — the guy CEO Mark Zuckerberg teamed with while still at Harvard — decided to ditch Facebook to create a new Internet service, the Journal reports.