3 ms·
Is any of this actually bad for Facebook? Ok so lots of suddenly-very-rich people might leave - but as far as the company's concerned the IPO raised an enormous
by Jabbles 14y ago
Is any of this actually bad for Facebook? Ok so lots of suddenly-very-rich people might leave - but as far as the company's concerned the IPO raised an enormous amount of money. So what if the market's perception of the company goes down? It's bad for the rest of us (and our pensions), but why should Mark care about Facebook's stock price?
- ArmstrongRSBC 14y agoResponsibility to the shareholders, or is that passe these days?
- Jabbles 14y agoBut Mark is the majority shareholder...
- huda 14y agoBecause of the market perception of Facebook. People have been speculating about how much Facebook works and how they plan on making money in the future. If majority shareholders sell their shares as soon as they can, the share price goes down and everyone's nightmare comes true. They could've maybe waited a little, for the sake of perception.
- drumdance 14y agoIn the short term it might hurt their stock, but the long term solution is to deliver results. If they truly are focused on the long term like they say, this is just a blip like any other in the market.
- mcphilip 14y agoKeep in mind that the 'long term' is now ruthlessly reevaluated on a quarterly basis now that they are public. The street is notoriously callous to lofty goals such as long term innovation if it doesn't result in consistent quarterly beats.
- drumdance 14y agoOh absolutely. My point is that if they do deliver results, no one will care about insider selling during the IPO.