Confirmed or assumed? If this is true, it's a big point against FaceBook's continued success, because it means current employees are underwater until FaceBook's worth more than Ford. One of the big motivators for a startup employee is seeing those options you got for pennies suddenly being worth dollars; if those options won't be worth anything for the foreseeable future, there's little reason why good employees would choose to work at FaceBook instead of Yahoo or Adobe or any of the other mature tech companies.