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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

#121

Post by gwern »

JoachimSchipper wrote: post #59
gwern wrote: post #49

Earlier quoted context omitted.

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".

I wasn't intending to describe Bill Gates (although his fortune is currently $60b which is 60x what Zuckerberg apparently has in the bank and bigger than IIRC his holdings of Facebook), but most billionaires don't seem nearly as serious or careful about their philanthropy as Gates. Take Zuckerberg - he's not off to a good start with just donating millions to schools; that's not going to change anything like Gate's "let's eliminate polio forever" would.

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

#122

Post by nostrademons »

tosseraccount wrote: post #37
kristianc wrote: post #35

Earlier quoted context omitted.

His Class B shares should take care of maintaining control.

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.

As opposed to some private-equity fund waving a magic wand and screwing you over?

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

#123

Post by hluska »

foxhop wrote: post #115
dsl wrote: post #80

Earlier quoted context omitted.

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?

Before I begin, I'm not trying to troll you and am certainly not trying to be disrespectful. However, cashing out $1B of stock and buying a company (which could turn into a serious competitor) for $1B have absolutely nothing to do with each other.

The sale of stock was about liquidity, diversity and paying off taxes. It was the right financial decision (that any advisor worth his/her fees would recommend).

Finally, Mark Zuckerberg did not buy Instagram. He negotiated the sale on behalf of a company which he happens to own a controlling interest in. Legally, Facebook and Mark Zuckerberg are different entities.

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

#125

Post by Kuiper »

tomelders wrote: post #68
dageshi wrote: post #44

Ummm does anyone else think that maybe Mark Zuckerberg is now going to be filling the Steve Jobs shaped hole in the worlds tech publications?

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…

I personally believe the future of social networks is to niche, with disparate social networks connected via a Distributed Social Networking Protocol.

This sounds a lot like the subreddit system.

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

#126

Post by grourk »

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.

Were you actually confused and thought he meant "loose"?

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

#127

Post by calinet6 »

danielweber wrote: post #109
keltex wrote: post #3

It was in the S-1 filing, so it's not new news: http://www.marketwatch.com/story/facebooks-zuckerberg-thiel-...

I remember back in the 90's that every time Bill Gates sold 1 or 2 percent of Microsoft, people would freak out that Microsoft's collapse was imminent. Even though he did it every six months. Whatever you think of Facebook, it is extremely prudent for Zuckerberg to diversify. If he had $1 million in non-FB assets, he would still have 99.99% of his assets in Facebook. That's a crazy amount of his wealth concentrated i…

Arguably, that's the whole point in owning stock in the company you own, control, and oversee. You can help make it go up and it's in your complete interest to help it become successful. You have no such control or incentive with other companies.

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

#128

Post by jskopek »

RandallBrown wrote: post #61
dageshi wrote: post #44

Ummm does anyone else think that maybe Mark Zuckerberg is now going to be filling the Steve Jobs shaped hole in the worlds tech publications?

Yes and no. I think he is a visionary CEO that knows how to get things done, but he's an engineer, while jobs was not. I think that Jeff Bezos is more Jobs than Zuckerberg is, but who knows.

At the risk of feeding a silly discussion, I'd cast my vote to Elon Musk

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

#129

Post by derrida »

thafman wrote: post #82
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…

I'm a massive proponent of the Distributed Social Networking Protocol concept, but since Diaspora tanked no one else seems to be picking up the mantle and Google/Yahoo/Microsoft don't look like they're going to roll out anything resembling an open SN protocol any time soon I wonder if it will ever happen.

"The Global Square", "WLFriends" are possible candidates along with Diaspora.
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