I thought employees of facebook can't sell for 6months after the IPO. Is this not true?
Key word: employees.
Isn't CEO technically still a employee of the company.
Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
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Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#52Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#53Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#54Earlier quoted context omitted.
It's not worth $108 billion, it never was - never will be. This was a scam. A Ponzi Pyramid Scheme. A cash-grab. http://www.jperla.com/blog/post/facebook-is-a-ponzi-scheme
I think we are going to need a new term for legitimate ponzi schemes to help identify them now that anything somebody doesn't agree with: FB, social security, socialized medicine, unions, groupon, quantitative easing, bailouts, unicorns, etc... are now routinely written off as "ponzi schemes".
no kidding. ponzi scheme is pretty easy to define. overvalued stock is not ponzi, it is just an overvalued stock. ponzi is paying earlier "investors" with the money of later "investors". Under that definition, only social security from your list fits even close.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#55You know what's cool? 1.134916 billion dollars. Hey, who else has finances that look like this? Mark Zuckerberg, Trustee of The Mark Zuckerberg 2008 Annuity Trust dated March 13, 2008
This is pretty common when someone has a lot of cash that is liable to capitol gains. If you sell the assets to the pat you can pay the taxes over time on the money that is distributed instead of paying the capitol gains all at once and loosing that earning power. You do loose the money in that it you cant use it but you make more money in the long run because you spread the taxes out and make money on the potential…
Careful. Taxes in the US are pay-as-you-go. You can't just "pay the tax man in April." Well, you can, but you also have to pay him the penalty for failing to pay throughout the year. See http://www.irs.gov/taxtopics/tc306.html.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#56Right decision, FB shares low for today was 31$ now 32. One news from him that he bought this shares at 31, and market will go up. Than sell again at 45 :) He wants to become a stock trader :D
He didn't buy at $31. He sold 30.2M shares.
I think you misunderstood. Fred is suggesting that Mark is smart for cashing out at $37 because the price is now $31. He also thinks that if Mark buys stock at $31 that will be a strong enough signal to send the price to $45. That seems a bit of a stretch to me but it's just a hypothetical situation, not a statement of fact.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#57Earlier quoted context omitted.
This is pretty common when someone has a lot of cash that is liable to capitol gains. If you sell the assets to the pat you can pay the taxes over time on the money that is distributed instead of paying the capitol gains all at once and loosing that earning power. You do loose the money in that it you cant use it but you make more money in the long run because you spread the taxes out and make money on the potential…
I think you mean 'capital', as in capitalism. Capitol is the building in which a legislature meets. eg: The Capitol Building.
Which is extra confusing, because it's in the capital city.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#58Earlier quoted context omitted.
The FB shares aren't voting shares or are extremely diluted voting shares? This is the same scam Google and UPS pulled. Beware of owning second class stock shares. It means that someday the insiders can wave a magic wand and screw you over. Do you trust them? Maybe. But it doesn't mean they can't do what they want and "share holders" can't do a thing about it.
They're diluted, or his are inflated, however you want to look at it. Yes, it's similar to the Google structure, but Google isn't the prototype. Lots of companies over the years have had special shares with extra voting power, families often retain voting control of a company long after they've sold off most of the equity. I'm always divided on this as a shareholder, but more often than not I do trust the founders mo…
Power to the democratic shareholder masses! Down with monarchism in the board room!
Seriously. If the founders don't want shareholders mucking with their property, then don't go public. Stay private.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#59Earlier quoted context omitted.
With that much money I would just retire and travel or pull a Bill Gates.
The sort of person that faced with ownership of Facebook would say he would just retire and travel and dabble in philanthropy is also the sort of person who would sell out of a Facebook for $500m a few years earlier, $100m a year or two before that, $50m months before that...
Bill Gates is hardly "dabbling" in philanthropy, though. When you try to eradicate a major disease as the first step of your long-reaching plans, you get to use nicer words than "dabbling".
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#60Earlier quoted context omitted.
This is pretty common when someone has a lot of cash that is liable to capitol gains. If you sell the assets to the pat you can pay the taxes over time on the money that is distributed instead of paying the capitol gains all at once and loosing that earning power. You do loose the money in that it you cant use it but you make more money in the long run because you spread the taxes out and make money on the potential…
Careful. Taxes in the US are pay-as-you-go. You can't just "pay the tax man in April." Well, you can, but you also have to pay him the penalty for failing to pay throughout the year. See http://www.irs.gov/taxtopics/tc306.html .
The "penalty", as I understand it, is neither a fine nor a record of wrongdoing, as paying at the end of the year is not illegal. The penalty is the IRS saying that it would like to have the interest back that it otherwise would have earned if you had paid earlier.
As far as I understand, it's perfectly kosher to wait until the end of the year to make payments; you just have to make sure you have the money to actually pay then.
Disclaimer: I am not an accountant nor do I have expertise on this matter.