Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

sec.gov

Post reply on HN
Print view View original

111–120 of 177 posts

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#111

Post by ibejoeb »

chives wrote: post #102
ibejoeb wrote: post #75

Earlier quoted context omitted.

Right, you made estimated payments, and it was exactly the right way. You paid based on a reasonable estimation. The point is it's pretty hard to just avoid paying taxes all year (either by plain not paying your self-employment taxes or misrepresenting your situation on a W-4), bank it, and come out clean.

It depends. You argument is very narrow. There are LOTS of ways to avoid paying your fair share of taxes, it depends on the situation and where the cash flows are coming from. As for the Zuckerburg situation, what he did is pretty common. Though I have heard of an alternative to selling those shares, someone in his position could use a portion of his facebook shares as leverage and get a loan to pay the tax man, then…

No, it doesn't depend. And who said anything about fair? I'm talking about obligated and compelled.

> get a loan to pay the tax man

Yeah, so he pays the taxes with somebody else's money. Tax man gets paid, right? Tell me the scenario where a guy pays no taxes and isn't in trouble. This is empirically verifiable, but I don't recommend conducting the research.

Sorry for the tangent folks. I'm not commenting on Zuck's situation. The comment about not paying taxes all year is just plain wrong, and I would hate for someone to try it and get dinged. This is especially important for the newer startup people that don't have the usual single W-2 situation. That's all.

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#112

Post by newbie12 »

mkr-hn wrote: post #100
peeters wrote: post #57

Earlier quoted context omitted.

Which is extra confusing, because it's in the capital city.

The capitol in the capital on capitol hill, down the parkway past the park. No, the park park, not the car park. English is a fun language. No opinion on the English though.

Of course, Capitol is ancient Latin word.

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#113

Post by mladenkovacevic »

Good for him. Will he be as driven and as emotionally invested in his product as he used to be now that he's officially a billionaire? Just got married, maybe kids on the way soon, and he's got the means to lead a much more comfortable life... will Facebook slide down on his priority list?

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#114

Post by a3d6g2f7 »

Selling off significant amounts of stock, for tax purposes, in the company you work for is not something one typically does _before the company has even gone public_.

Insiders were dumping their stock in the days leading up to the IPO.

What does that say about their perceived value of the company over the long-term?

Nothing, of course. Yes, that makes perfect sense.

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#115

Post by foxhop »

dsl wrote: post #80
foxhop wrote: post #79

30200000 * 37.58 = $1,134,916,000.00 Didn't Mark spend 1 Billion on the Instagram acquisition? Did he pay them off with equity? Why did he spend so much on instagram?

Mark Zuckerberg didn't buy Instagram. Facebook did. They are not the same.

It was Facebook's money, sure, but Mark bought instagram. Do you have insight on my questions?

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#117

Post by bcherry »

knodi wrote: post #51
ceejayoz wrote: post #14

Earlier quoted context omitted.

Key word: employees.

Isn't CEO technically still a employee of the company.

Those restrictions are usually not defined in blankets based on role, rather they're written into the stock option agreements at time of grant. Presumably, Zuck and others don't have that clause, at least not on all of their shares.

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#118

Post by mkr-hn »

newbie12 wrote: post #112
mkr-hn wrote: post #100

Earlier quoted context omitted.

The capitol in the capital on capitol hill, down the parkway past the park. No, the park park, not the car park. English is a fun language. No opinion on the English though.

Of course, Capitol is ancient Latin word.

English isn't particular about its loanwords.

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#119

Post by oh_sigh »

mukaiji wrote: post #89
tomelders wrote: post #68

Earlier quoted context omitted.

I'm going to say no. I really don't see Facebook being around in 30 years. I'd be surprised if they're not marginalised in 10 years. And other than Facebook, I'm not sure what Zuckerberg has to offer the world. If you want to know why: It's because I personally believe the future of social networks is to niche, with disparate social networks connected via a Distributed Social Networking Protocol. Your social network…

There's certainly a lot of truth here. However, Mark Zuckerberg built the company to last. So I think it's unlikely that it will completely be marginalized. Regarding the Zuck = Jobs. Absolutely not. Yes, they are both product people. But Mark Zuckerberg does not have the same aura or doesn't necessarily have the same depth of intellectuality that Jobs (college dropout or not) had. When I see Mark Zuckerberg, I think…

" Mark Zuckerberg built the company to last. So I think it's unlikely that it will completely be marginalized."

Really great point. I love the reasoning you give to back up your arbitrary statements.

Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58

#120

Post by tylermenezes »

FraaJad wrote: post #99
coderdude wrote: post #18

Earlier quoted context omitted.

Start your sentences with a capital letter. See: http://en.wikipedia.org/wiki/Letter_case

right. because starting with lowercase changes the meaning of what i wrote unlike loose lose, which are totally, like, the same thing.

It didn't change the meaning, because everyone understood what he said. The human mind is amazing at that. If you're going to be pedantic, fine, but own up to it.
Post reply on HN