reph

60% of Google Employee Stock Options Are Drowning

Technically the options are not "worthless". They are underwater. However, because the stock market could still go up, the options may be in the money later, and thus still have value today. IIRC there is an active market for Google ESOP options and I believe they can be traded even when underwater.

Kudos to the clever ones that exercised w/ a trailing stop around $700, and are now retired.