2 ms·
> That’s 50 times the initial price. There is no limit of someone else's money i'd spend - repercussion free - to avoid the slightest bit of liability. I can i
by vineyardmike 5y ago
> That’s 50 times the initial price.
There is no limit of someone else's money i'd spend - repercussion free - to avoid the slightest bit of liability. I can imagine the same thing applies to Mark. tbh can't fault him for it.
The blame for this behavior lies in the FTC for brokering a deal (as if the US needed money? Was it for a big-number press cycle?) and for early stage investors in FB for allowing a business with such a brass stock agreement.
- scotuswroteus 5y agoOh in point of fact this was illegal if it's true, and I don't know how you ignore the law in who you can "fault" with respect to corporate officer conduct.
- patentatt 5y agoBut he personally has a controlling stake in the company, it’s like at least half his money in some sense.