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Bullshit. I presume Zuckerberg is making these claims to remove the board members -- many of whom also happened to be Istagram investors -- from any suspicion
by nextstep 15y ago
Bullshit. I presume Zuckerberg is making these claims to remove the board members -- many of whom also happened to be Istagram investors -- from any suspicion of wrongdoing. But clearly the price jump just prior to Facebook's acquisition lends credence to reports that many of Facebook's board will walk away with boatloads of cash from this deal. They were certainly under pressure to complete this prior to going public next month.
- jonursenbach 15y agoI doubt that. They were going to make "buttloads of cash" anyway when the IPO goes through. I doubt they'd risk something insidery as that to get a few more.
- joejohnson 15y agoMarc Andreessen and Peter Thiel were on both sides of this deal: http://www.donnaklinenow.com/investigation/instagram-scam http://www.donnaklinenow.com/investigation/instagram-scam
- joshu 15y agoThat article is bonkers. Eg Marc is not a General Partner at Benchmark. He might be a Limited Partner which actually just means "investor."
- ojbyrne 15y agoOh please. You could fill a very large book with the stories of people who went to jail because, despite huge amounts of wealth, they did something insiderish for a few dollars more.
- dethstarr 15y agoI always have to think as the proverbial conniving "gangsta" about stuff like this. If you had a way to make $1 billion by getting yourself a secure $3 billion loan that could easily be paid off by another company you have influence in, would you do it? It's common sense. The thing is, I think it was a good buy, similar to Google and YouTube.