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Facebook IPOd in 2012, after it was already used by hundreds of millions of people, and after it bought Instagram
by georgeburdell 3mo ago
Facebook IPOd in 2012, after it was already used by hundreds of millions of people, and after it bought Instagram
- ballon_monkey 3mo agoWhen FB was private Zuck had 57% of class B voting right stock. He retained this on IPO. My point is, if he did not have control over voting, before/after IPO, FB/Meta would not be where it is today. He prevented Ads being on FB for many years operating at a loss to grow FB while shareholders complained wanting to shove Ads all over the place.