SecondMarket Cuts Staff to Prepare for Post-Facebook Reality

M. Adam Oliveri, managing director at SecondMarket, has a critical role in the growth of the company's online marketplace Photograph by Peter Foley/Bloomberg

There’s no doubt that SecondMarket likes Facebook. The private marketplace—where investors and company insiders can buy and sell shares of companies that aren’t publicly traded—got a huge boost as it became one of the few places where investors could get a stake in the high-profile social network. More than $1 billion in shares of Facebook and other private companies have traded on SecondMarket since 2009.

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