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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

#61
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.

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

#62
post #43

Earlier quoted context omitted.

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.

Founders are not forced to make this choice as exemplified by the GP.

If you don't like founders keeping control, don't buy their shares.

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

#63
post #43

Earlier quoted context omitted.

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.

Then how do they get your money?

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

#64
post #4

You 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

He is also trustee of the "Openness Trust"! Kind of ironic when you know what he thinks of people who "Trust" him.

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

#66
post #17
post #10

Earlier 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…

replace loose with lose. See: http://theoatmeal.com/comics/misspelling

I haven't been on HN for as long as most folks here. What is the policy on grammar correction? I know personally I want to be corrected if I make an error, but I don't think everybody feels that way...

Just curious so as to not rock the boat.

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

#67
post #43

Earlier quoted context omitted.

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.

You speak of "going public" as if it's somehow turning over power to the general public. It's not. It's a colloquial term for a series of regulatory steps required to permit non-accredited investors to invest in a business. These steps are primarily designed not to exercise control over the operations of the company or its ownership and power structures, but to ensure a certain level of disclosure to investors whose resources and influence are limited.

There is nothing about going public that implies a general relinquishment of control of the company, nor is there anything about going public that mandates a particular ownership or power structure. Companies have "gone public" by selling only a few percent of their stock. Split voting rights are very common. None of this is even remotely illegal or unethical so long as it is disclosed, as it has been here.

If you do not like a company's control structure, you do not have to invest in it, whether the company is "public" or "private". As a shareholder, your relationship to the company is the same whether it's public or private.

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

#68
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 account will be more like your email account. I think Facebook will find itself on the wrong side of history when that battle starts by trying to lock down it's data and lock people into Facebook.

That's just my belief and I'm open to the possibility that it could be completely wrong, so don't go crazy with the down votes.

But if we're just talking about the next 12 to 24 months, then, oh yes, of course he will.

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

#69
post #17

Earlier quoted context omitted.

replace loose with lose. See: http://theoatmeal.com/comics/misspelling

I haven't been on HN for as long as most folks here. What is the policy on grammar correction? I know personally I want to be corrected if I make an error, but I don't think everybody feels that way... Just curious so as to not rock the boat.

For single posts, I'd say resist the impulse; it adds noise to the discussion and rarely helps anything. If the error is repeated, then it may be more helpful to correct.

Mainly I think we try to just lead by example.

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

#70
post #10
post #4

You 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…

I liked your comment but found it hard to read due to some typos. Imagine my surprise when the end reads...

"edit typo

edit adding typos back in"

what happned here? :)

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