3 ms·
"During our lives" doesn't specify a time frame such that it will happen in the next 5 years or 50 years. What he appears to be really saying is "our heirs will
by gist 11y ago
"During our lives" doesn't specify a time frame such that it will happen in the next 5 years or 50 years. What he appears to be really saying is "our heirs will only inherit 1% of our Facebook shares". Until both Chan and Zuckerberg pass away we don't know how many shares (or wealth) they will have access to.
- Cthulhu_ 11y agoIt's very probable Facebook will get a competitor, and/or make a decision, that makes the company worth a lot less in a very short time, like its predecessors / previous competitors did. Internet companies can be fickle like that. Mind you, it's not likely to happen overnight and it also depends on how much the company's value is based on thin air, but still.