TECH

Facebook's Michael Brown Terminated Over Insider Trading Scandal

04/01/2011 08:53 am ET | Updated Jun 01, 2011

Facebook corporate development manager Michael Brown (pictured left in happier days) recently and abruptly left Facebook, and the company then hired a senior Google employee to replace him. It was a curious departure and the chatter around Silicon Valley was that there was a lot more to the story.
And in fact there is. Via a scandal that could have far reaching consequences by bringing even more SEC scrutiny onto rampant secondary trading in non-public startups like Facebook and Twitter.

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