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by Pongo_the_Great 5024 days ago
[i]He is, by far, the single most responsible for having created a $60 billion company, something few can ever even hope to do.[/i]

Two things:

Q) Wasn't this $100 billion not so long ago? A) Yes, and if things progress, it'll be $2 billion in six months.[1]

Q) Who provided MZ with the finance, the clout and the film, not to mention a whole lot of other perks? A) The people who really made Facebook what it is.

Anyone who thinks that the Facebook saga is one lone libertarian hero proving Capitalism need to... re-evaluate their maturity levels.

[1] Please note the # of total shares about to hit the market.
1 comments
Jabbles 5023 days ago
It would be remarkable if a company with $10bn in cash and short-term investments had a market cap of $2bn.

http://www.google.com/finance?q=NASDAQ%3AFB&fstype=ii&#3...

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Pongo_the_Great 5023 days ago
I was (snarkily) suggesting something through hyperbole, but of course you're correct. However:

    August 15th, 2012: 268 million shares, 10% of shares outstanding.
    October 14th: 249 million shares, 9% of shares outstanding.
    <b>November 13th: 1.332 billion shares, 49% of shares outstanding.</b>
    December 13th: 124 million shares, 5% of shares outstanding.
    May 17th, 2013: 47 million shares, 2% of shares outstanding.
60%ish of shares haven't been released yet, with Nov. 13th being 'the big one'. Given the speed / size of the price collapse, and impending tax bills and so forth, there's a good bet to be made that they'll tap at least some of that $10bil reserve.

In short, I can't logically see how the extra 50% swimming free will raise their share price. But then again, that's why I'm not paid the big bucks to work at JP & the Street, there's no doubt some plan afoot.

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