While the rest of the world grapples with high unemployment and a generally MySpace economy, the New York Times reports Facebook's top 250 richest staffers gather to talk boats, art, and generally being unimaginably rich. Sounds fun!
The Times' claim undergirds an important aspect of Facebook's IPO disaster: you can be insanely rich, lose a ton of money, and still be insanely rich.. Particularly if you're one of Facebook's first 250 employees, who share a spot on what's called the TNR (The Nouveau Riche) 250, an illustrious group of rich people who talk about rich people things. You know, rare paintings and stuff, says NYT's Nick Bilton: "They discuss things they plan to buy when they sell their hundreds of millions of pounds in stock: boats, planes, artwork, even an island. (To be fair, philanthropy is also discussed.)"
I'd like to assume that these meetings take place with everyone dressed in Illuminati-style robes, but we're still waiting to hear back from Facebook for an official comment. A lamb is sacrificed. Blood is smeared on a map, and a Facebook engineer proclaims the next public school that will receive free iPads.