Comments on: When Zuckerberg fired Morgan Stanley, mortgage edition http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TFF http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41874 Wed, 18 Jul 2012 13:52:59 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41874 @MrRFox, if blogs are “not at all to serve the commenters”, then why do they permit commenting? As a public service?

As with any ecology, the blog system must serve all participants to remain healthy. Traditional press serves the readers and authors, if that is your preference.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41870 Wed, 18 Jul 2012 03:14:15 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41870 I believe it is correct to say that commercial blogs exist first and foremost to serve the interests of their readers, and secondarily to serve the interests of the authors – and not at all to serve the commenters. One should post comments with that in mind.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41859 Tue, 17 Jul 2012 13:11:34 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41859 MrFox, are you suggesting this blog wasn’t created so two guys, who don’t know each other and have never met, can exchange ideas and opinions?

The Valley elite will start shunning Zuckerberg when the rest of the world recognizes Facebook for the narcissistic time sink that it is, and moves on to the next cool thing. The valley only likes people and companies on the way up.

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By: Sechel http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41857 Tue, 17 Jul 2012 09:49:39 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41857 At the rate mortgage rate Zuckerberg got, Morgan Stanley did not so much as loose a return on capital but got capital freed up. Sounds like they won on the mortgage.

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By: youniquelikeme http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41854 Tue, 17 Jul 2012 06:25:21 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41854 I have the Beverly Hillbillies song running through my head now and visions of Milburn rubbing his hands together gleefully for having scored such a fine, upstanding citizen and nouveau riche client.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41853 Tue, 17 Jul 2012 06:03:30 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41853 ** wonders if the Ken & Taffy Show is concluded yet **

When one examines Z’berg’s record, starting back in school, at the time FB was merely the germ of an idea, and continuing to today, one constant stands out – with grim predictability he fu…-over any and every muppet who gives him the opportunity to do so; while being careful not to inflict damage on certain major-league shylocks, who are tougher and more unprincipled than he is. His presence pollutes The Valley – he’s NY/NJ all the way, FB having nothing whatsoever to do with ‘tech’. Really should do something about that. The Valley elite can start by shunning him, his wife and his company – and WTH, his dog too.

And MS – turns out he made muppets of them as well. IMO they are fortunate to be free of the malign soul; he can’t hurt them any more now. (Not like they didn’t have it coming, being what they are – so at least there’s that ‘silver lining’.)

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By: TFF http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41851 Tue, 17 Jul 2012 02:52:51 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41851 Excellent point, y2kurtus.

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41850 Tue, 17 Jul 2012 02:02:12 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41850 The bottom line is Zuck is getting crappy advice. As others have already pointed out the value of that sweet loan deal are meaningless to someone worth +10billion.

The us vs them 99% vs .0001% is something that he will deal with the rest of his life. Details about his personal finances being needlessly made public are nothing short of foolish.

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41849 Tue, 17 Jul 2012 00:48:12 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41849 Is that 0.8% above ‘Barclays LIBOR’ or above ‘Real’ LIBOR?

Ken has the same memory I do, Sugarmountain sold about £50m worth of shares through a private deal with Goldman Sachs a while back. How much of that was his personally, how much stayed in the biz, and how much went to VCs I don’t recall, but there was definitely enough to make me surprised he has a mortgage at all.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2012/07/16/when-zuckerberg-fired-morgan-stanley-mortgage-edition/comment-page-1/#comment-41840 Mon, 16 Jul 2012 20:26:39 +0000 http://blogs.reuters.com/felix-salmon/?p=16104#comment-41840 i don’t know, realist & TFF, when I sold my company for the stock of a publicly traded company, I was able to sell shares in a private sale, even though the shares I received were locked up for a year. the buyer couldn’t sell the shares, but bought them and put a collar on them. I’m sure Zuckerberg has even more options at his disposal, and doesn’t need to mess around with a mortgage. He could also just as easily borrow against his shares, for about the same rate, and have all of the interest deductible, since he would most likely be “investing” the money that he borrows, as opposed to just deducting interest on the first $1M of his mortgage.

One of the best things about a great liquidity event like that is that you get to pay off your mortgage.

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