So if Facebook loses the lawsuit, what happens? They pay the shareholders some relatively small amount and have to pay the directors less... until Mark signs the right document then they can pay them whatever they want?
Mark Zuckerberg Signed the Wrong Document
11–20 of 115 posts
Re: Mark Zuckerberg Signed the Wrong Document
#12This article was really hard to read because of bizarre font choices:
http://imgur.com/MvCW9RP on windows phone 8.1, oddly the footnotes were totally fine, just everything else was missing several pixels on the right. Can we go bad to normal fonts please?
Re: Mark Zuckerberg Signed the Wrong Document
#13The directors only get $300k per year for serving on the BOD of Facebook? They are worth more than that!
Its a part time job.
Re: Mark Zuckerberg Signed the Wrong Document
#14This article was really hard to read because of bizarre font choices: http://imgur.com/MvCW9RP on windows phone 8.1, oddly the footnotes were totally fine, just everything else was missing several pixels on the right. Can we go bad to normal fonts please?
And now ... on to the topic!
Re: Mark Zuckerberg Signed the Wrong Document
#15The directors only get $300k per year for serving on the BOD of Facebook? They are worth more than that!
Not to be trite, but if they were worth more, they would be paid more.
Re: Mark Zuckerberg Signed the Wrong Document
#16There is a startup plan that is basically a cookie cutter plan that a lot of startup follow. 1. Invent new technology/software/website. 2. Get VCs to invest in it. 3. Sell ads on the website and use ML to target people with those ads. 4. IPO to go public to raise up the stock price. 5. Issue yourself a different type of stock that has different voting rights so you retain control of your company. 6. Keep investing ne…
1. facebook did not "invent" anything, especially compared to Google, they copied text entry boxes and messaging, which anybody could easily duplicate from myspace and reworked the design. Google invented something.
Google's products make you more efficient. Facebook's products make you less efficient.
Re: Mark Zuckerberg Signed the Wrong Document
#17So if Facebook loses the lawsuit, what happens? They pay the shareholders some relatively small amount and have to pay the directors less... until Mark signs the right document then they can pay them whatever they want?
I would imagine the courts would place an injunction that would set what amount should be paid and for what period of time. The court may even end up setting the same amount as the original agreement.
Re: Mark Zuckerberg Signed the Wrong Document
#18So if Facebook loses the lawsuit, what happens? They pay the shareholders some relatively small amount and have to pay the directors less... until Mark signs the right document then they can pay them whatever they want?
...and all the lawyers make a lot of money.
Re: Mark Zuckerberg Signed the Wrong Document
#19I feel kind of bad for Mark here. There is an entire cottage industry of firms that will do nothing but look for ways to use these types of procedural errors to extract money from companies. There are law firms whose sole form of income is to have hedge funds send them their daily trades so they can cross reference them against companies who had to restate earnings, the implication being that if hedge fund A owned so…
I really like your point on the Unicorns "having their cake and eating it too" in regards to public funding.
I am very worried that the technology industry is creating this new capital market that reserves access for the super rich and is completely free from goverment oversight. Are there any points in history that had similar market structure? And if so, how did those markets respond to successes and failures?
Re: Mark Zuckerberg Signed the Wrong Document
#20There is a startup plan that is basically a cookie cutter plan that a lot of startup follow. 1. Invent new technology/software/website. 2. Get VCs to invest in it. 3. Sell ads on the website and use ML to target people with those ads. 4. IPO to go public to raise up the stock price. 5. Issue yourself a different type of stock that has different voting rights so you retain control of your company. 6. Keep investing ne…
1. facebook did not "invent" anything, especially compared to Google, they copied text entry boxes and messaging, which anybody could easily duplicate from myspace and reworked the design. Google invented something.
You can't dismiss Facebook for copying myspace then in the same breath credit Google without respecting all internet entities that tested the waters before it. I was using Netscape Navigator, mapquest, yahoo, hotbot, lycos, and altavista before any of this Google Chrome/maps.google.com/ Google Search/Gmail stuff came along.