Facebook to Raise Series E Funding with Apple as Investor • Hacker News Board

Re: Facebook to Raise Series E Funding with Apple as Investor

#11

Post by danielayele » Mon, Oct 25, 2010, 12:06 AM UTC

fleitz wrote: post #8

Regarding Microsoft as an investor and it's conflict with Apple, keep in mind that Microsoft has already taken a direct investment in Apple buying ~3% of the company about 10-12 years ago for $150 million. The day they bought it it closed at $4.97 compared to $307 today.

the investment was preferred stock that converted in the early 2000s and they sold the shares in 2003. see: http://justinhartman.com/2007/11/23/microsofts-equity-in-app...

Re: Facebook to Raise Series E Funding with Apple as Investor

#12

Post by fleitz » Mon, Oct 25, 2010, 12:08 AM UTC

johnglasgow wrote: post #7

An IPO for Facebook would mean losing all of their top engineers who are hanging around until they can cash out. Everyone will leave for the next hot startup and to work on their own projects. Zuck is smart for dragging the process out.

Who? Do you know this or is it simply conjecture. Do you know for sure that Joe Hewitt is there just for the IPO? Also, if the contracts were created correctly there should be an earnout to prevent just such a thing if it was a serious risk. Many companies have been through an IPO with out losing their top talent, perhaps you should look at GOOG and see how detrimental the IPO was to that stock.

Re: Facebook to Raise Series E Funding with Apple as Investor

#13

Post by alanthonyc » Mon, Oct 25, 2010, 2:54 AM UTC

stevenwei wrote: post #2

Probably rather important to include the [RUMOR] part of the headline...

Thanks.

FYI, "[RUMOR]" has been removed and replaced with "[DEBUNKED]". Nothing to see here.

"Update: We’ve had detailed conversations with Facebook, and its representatives have discredited our tipster, who didn’t have his facts straight."