Facebook shares

[SimonMac]

Made I laugh

[oracleslave]

So basically Marc sold his stock to banks who were ready to pay high price - now it's the banks problem, they can't even fire him or even force him do anything he does not like because of two class share structure that gives him full control

A good lesson for you for when SKA conquers the world. You'll remember your friends from CUK who motivated you right?

[Sysman]

Banks jittery after shaky start to Facebook IPO - Telegraph

So basically Marc sold his stock to banks who were ready to pay high price - now it's the banks problem, they can't even fire him or even force him do anything he does not like because of two class share structure that gives him full control

You have to admire someone who has managed to stitch the banks up, and legally too.

They've been doing that to the rest of us for years.

[AtW]

You have to admire someone who has managed to stitch the banks up, and legally too.

He sticked himself up actually - Bankers Got Too Aggressive With Pricing Facebook As They Struggled To Keep Shares Above $38 | TechCrunch

"There just wasn’t the institutional investor demand that people thought there would be."

Underwriters now own lots of those shares, so assuming they don't want to sell them at massive loss this would mean not many shares actually traded - the stock will become illiquid and volatile.

If institutional investors did not want to buy it for $38, why would they go for much higher price?

He burnt the banks (I bet it was his idea to raise final price to get most money - very greedy shortsighted move) but they'll have their revenge...

[AtW]

You'll remember your friends from CUK who motivated you right?

I sure will

[yetanotherbob]

Weird that a very big bubble is inflating while another massive one is deflating in Europe?

Shame that there is no UK facebook. But given our massive red tape and taxes no suprise really. Let alone attacks on contractors. Why does the government hate IT so much? Come on Dave - sort it out.

+1

[yetanotherbob]

You do realise lots of people really aren't primarily motivated by money, right? Zuck was offered multiple $billions for FB in the past and said no. I think he's an arrogant jerk, but I also think he genuinely wants to build FB for its own sake rather than for cash.

Yeah but he also has a keen commercial sense which the guys who run twitter completely lack

[russell]

Zuckerberg just got married, just days after he became billionaire. Look out for a expensive divorce soon.

[russell]

I wonder how much these billionaires actually have in their personal bank account? Most of it must be tied up in the company. Imagine the interest on 1 billion say? At a conservative 2% per annum you would get 20 million a year, say 12 after tax, million a month not bad for writing some tulip PHP.

[fullyautomatix]

I wonder how much these billionaires actually have in their personal bank account? Most of it must be tied up in the company. Imagine the interest on 1 billion say? At a conservative 2% per annum you would get 20 million a year, say 12 after tax, million a month not bad for writing some tulip PHP.

They dont have their worth in the bank . Zuckie wont have 19 billion in the bank. From the IPO he will have a couple billion and the rest in shares and what the share price is decides his worth.

As for tulip PHP, you dont know what you are talking about. Facebook has some cutting edge technology which is why they are able to scale so well. When was the last time the website crashed ?