Ouch. I wonder if founder Mark Zuckerberg wishes he sold the company earlier..

 So much for Silicon Valley's latest get-rich-quick scheme. Facebook CEO Mark Zuckerberg has cancelled a plan to let employees cash out their shares early.

 

In August, before the markets started to melt down and with Facebook worth $15 billion on paper, Zuckerberg unveiled a plan to let employees sell a small amount of their shares — no more than $900,000 or 10 percent of their stock holdings, whichever was less. The program, all but unheard of among Valley startups, was meant to....

 

The revolution is over, Zuckerberg told his company today. "I'm writing this note to let you know some bad news," he wrote in an email to all employees at the 800-person social-network startup this afternoon. "Despite a lot of work, we have not been able to finalize a plan for the employee stock sale we announced in August."

 http://valleywag.com/5102191/facebook-cancels-employee-stock-sale