4 ms·
They have a stock pile of money they wouldn't have had to play with for the next 2-3 years while they slowly grow their earnings. If they priced it at half they
by shyn3 14y ago
They have a stock pile of money they wouldn't have had to play with for the next 2-3 years while they slowly grow their earnings. If they priced it at half they would have had half the money. Now they can sit back and relax. If you read the documents they clearly stated that they do not intend to be in it for the short-term and investors looking to buy shares should be thinking long-term. Zuckerberg seems to be a conservative dude who doesn't spend lavishly so he probably has a goal to make money and stock-pile it.
The only reason FB stock offering looks bad is because the market crashed for a moment halting the pop. If the market popped people would have nothing to say.
Cuban is spot-on.