Didnt he like working at Facebook?
Back in those days, it was very uncommon for people to have access to computers.
However, housing costs were significantly different.
Not the best living situation, but a small sacrifice for a dream job.
This continued until late 2012 when the lock-up period expired post-IPO and Matt had some liquid cash.
Matt could finally rent a house suited to the needs of their family, no roommate.
While it was great, it also meant even larger housing costs.
so that afford that, selling stock became necessary every quarter it vested.
However, the sum of money that Matt got from the FB stock wasnt life-changing.
During his entire 5 years, his full allotment of stock numbered only in the thousands of shares.
So, as Facebooks stock price increased, the benefit to those grants gets smaller and smaller.
He was faced with the real estate market of 2015 in the Bay Area.
However, the real estate there still had the possibility of ownership someday for him.
Source:VOX
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source: www.techworm.net
