Comments on: One reason for Facebook IPO mess: Zuck didn’t care http://blogs.reuters.com/breakingviews/2012/05/23/one-reason-for-facebook-ipo-mess-zuck-didnt-care/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: polydonk http://blogs.reuters.com/breakingviews/2012/05/23/one-reason-for-facebook-ipo-mess-zuck-didnt-care/comment-page-1/#comment-9254 Thu, 24 May 2012 22:45:13 +0000 http://blogs.reuters.com/breakingviews/?p=11676#comment-9254 Of course he doesn’t care. Why would he?
1) He lives like a millionare, although he is a multi-billionare. He doesn’t care for more money, profit or divedends.
2) He has no intention of selling. He will likely never sell. Appreciation of the company and its market value mean nothing to him.
3) He is donating everything to charity anyways; nothing is being passed down to his kids.

Realize that he controls the board, and therefore can continue to neglect profits and market value. The high priced IPO met his needs exactly… it gave the company the most money for the least amount of shares. He doesn’t care that the market reacted poorly by running down the price afterwards.

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By: Valpey http://blogs.reuters.com/breakingviews/2012/05/23/one-reason-for-facebook-ipo-mess-zuck-didnt-care/comment-page-1/#comment-9240 Wed, 23 May 2012 21:17:15 +0000 http://blogs.reuters.com/breakingviews/?p=11676#comment-9240 Zuckerburg didn’t fail at anything. He cares deeply about his company, he just doesn’t care about being rich. His goal was simple: get as much cash as possible for Facebook to enable the company to do as much cool stuff as they can dream up while selling the minimum proportion of his company and retaining full control over his company.

Now that Facebook’s got the cash he could care less about this week’s share price. Zuck’s goal is to shape the human experience in a meaningful way. He knows that revenue is essential to keeping Facebook thriving, but will never be a slave to share price.

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By: Bludde http://blogs.reuters.com/breakingviews/2012/05/23/one-reason-for-facebook-ipo-mess-zuck-didnt-care/comment-page-1/#comment-9239 Wed, 23 May 2012 19:09:32 +0000 http://blogs.reuters.com/breakingviews/?p=11676#comment-9239 The stock is not worth 10 much less 38 and the Zuck knows it BUT it is not his fault.. Gorman/MS “advised” him and all those insiders like Thiel/MS/GS et al wanted to squeeze the public for as much as Madoff would have.. to line their own pockets..

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