The latest post on ‘ReadWriteWeb’ is titled “Facebook Increasing Credit Line To Pay Taxes On Employee Shares”.

Dave Copeland says, “Facebook wants to increase its $2.5 billion credit line, according to Reuters. The company declined comment but Reuters said the increased credit line will be used to pay taxes the company faces for employee stock awards after it goes public. Facebook announced its initial public offering last month and said it was taking the somewhat unusual step of agreeing to cover taxes on restricted stock units”.

Facebook Increasing Credit Line To Pay Taxes On Employee Shares

ReadWriteWeb

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