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In asserting that Zuckerburg's fears are unfounded, the author states, "Google co-founder Sergey Brin also echoed Zuckerberg’s “hell no we won’t IPO” sentiments
by dlo 16y ago
In asserting that Zuckerburg's fears are unfounded, the author states, "Google co-founder Sergey Brin also echoed Zuckerberg’s “hell no we won’t IPO” sentiments soon before Google, yes, went public."
The quoted text is a link to an article whose first line is the following:
"We are profitable, and we don't need the cash. But it might be nice to have the currency" of a public company, Brin said ....
Brin does go on to state that being a public company may be a distraction, but this is hardly a wholesale dismissal of the possibility of going IPO. In fact, Brin is later quoted as saying that "[t]here's a good chance eventually [Google's] going to do it."
I don't know if this has been misrepresented before, but you all may be witnessing the first round in a new game of "telephone"!
- edanm 16y agoFrom Mark Zuckerburg's text: "Since we compensate people at Facebook with stock and we took investment, I view it as my responsibility to eventually make that stock liquid for people, but that doesn’t have to happen in the short term". That's hardly a wholesale dismissal of the possibility of going IPO, either.