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Zuckerberg is smarter than I thought

Started by mathewi · 1 year ago

According to the scrupulously honest and eminently reliable folks at Valleywag, young Mark Zuckerberg has taken an early cash-out from Facebook, by selling some of his stock in the company’s latest financing round. The gossip site says he picked up a not-too-shabby $40-million as p ... Continue reading »

3 comments

  • Bob Warfield

    1 year ago

    It's a good move for all concerned if the consensus is to swing big for the fences. Taking enough off the table not to worry about liquidity leaves Zuckerberg ready to focus on the long haul.

    Cheers,

    BW
    reply
  • Rob Hyndman

    1 year ago

    What's interesting to me is that this demonstrates what admittedly is a painfully obvious fact - you are strongest when you have lots of alternatives. Hype and possible cash machine that FB is, Zuckerberg was in the driver's seat. And when you are, old "rules" - which, after all, in financing are all about how much you get and how much I therefore don't get - go out the window.
    reply
  • Rob Hyndman

    1 year ago

    LOL - there's a post in the reversal, I think. Is that coming?
    reply

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