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In reply to the discussion: Facebook's Zuckerberg, Thiel sell shares [View all]still_one
(92,116 posts)21. He is doing what every CEO is told to do by the underwriters when you go public. He didn't set the
price, they did. He didn't push the stock to unrealistic values, the underwriters did
However, the main point is after what the bankers and wall street did to this country, people still fell into the trap and got suckered by them
but, even with all the deregulation that has occurred, they screwed up this time, since before the IPO morgan stanley was downgrading the company while pushing the ipo price up, and I believe that is not legal, so there should be heads to roll, but I am extremely cynical based on the way thing have gone that anything will happen
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and if you started a company that went IPO, you wouldn't sell some of your shares either? There is
still_one
May 2012
#5
It certainly isn't worth what people paid for it, but they did so willingly
4th law of robotics
May 2012
#37
I think that is pretty much what I said, it was wall street and the underwriters. However,
still_one
May 2012
#19
zuckerberg did not pump it. Morgan stanley and the underwriters did, along with the wall street in
still_one
May 2012
#7
He is doing what every CEO is told to do by the underwriters when you go public. He didn't set the
still_one
May 2012
#21
He sold to pay taxes. It doesn't matter what he thought the price was going to be.
former9thward
May 2012
#33
Sometimes it pays to be a procrastinator. I was going to buy FB shares but just didn't get
yellowcanine
May 2012
#14
Blaaah... I created (designed, programmed, ran, hosted) a social networking site
octothorpe
May 2012
#27
1.13 billion is barely a drop in the bucket in terms of what he owns in the company.
iandhr
May 2012
#18
Look up the criteria for getting in before the IPO - for each investment house...
polichick
May 2012
#55