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If I understand it correctly, though, couldn't Zuck have just sold some of his shares to an investor and gotten some money? Yes, not several billion, but he's r
by fingerprinter 16y ago
If I understand it correctly, though, couldn't Zuck have just sold some of his shares to an investor and gotten some money? Yes, not several billion, but he's rolling in a couple hundred mill right now, I'm sure.
I remember reading how several investors bought into Twitter by buying $100 million from one of the founders...
- rhizome 16y agoBy the same token, he could have already sold most of it. $70B is the valuation established by those who have already bought shares, after all. It's in their interest to convince the rest of us that they got a good deal. Heck, if $70B is such an insane valuation, you'd have to be insane not to sell out at that price.