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former9thward

(31,936 posts)

33. He sold to pay taxes. It doesn't matter what he thought the price was going to be.

Wed May 23, 2012, 12:37 PM

May 2012

Why would he sell 20% when he now controls 57% of the voting power? He wants to keep control. Where is you link that he said it would be at 44 in six months? People sue all the time and most of these shareholder suits go nowhere. If you know the history of FB you would know that Zuckerberg never wanted to go public. When FB passed 500 private shareholders SEC regulations kicked in and FB went public.

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Facebook's Zuckerberg, Thiel sell shares [View all] Roland99 May 2012 OP

I read that as "Zuckerberg, Thief sell shares" BeyondGeography May 2012 #1

Same difference. Atman May 2012 #2

DUzy candidate! rocktivity May 2012 #3

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

Read the headline again BeyondGeography May 2012 #11

He is a thief, the whole facecrook racquet is a scam we can do it May 2012 #12

please explain frylock May 2012 #20

It certainly isn't worth what people paid for it, but they did so willingly 4th law of robotics May 2012 #37

Okay, kids...reality check... Atman May 2012 #17

I think that is pretty much what I said, it was wall street and the underwriters. However, still_one May 2012 #19

You are right, it is a casino. And the house always wins. Odin2005 May 2012 #39

Here is what I meant by that, and why it relates... Atman May 2012 #43

Sure it is the bag man's fault zeemike May 2012 #24

Does Zuckerberg still have a large majority share margin? JDPriestly May 2012 #44

I did, too! Odin2005 May 2012 #36

I read it as "Suckerberg, Thief sell shares" nt bupkus May 2012 #46

Another one DUzy Candidate! rocktivity May 2012 #49

DUZY ACCOMPLISHED!!! rocktivity May 2012 #63

My first DUZY! bupkus May 2012 #65

DUZY ACCOMPLISHED!!! rocktivity May 2012 #61

Noted BeyondGeography May 2012 #64

DUZY ACCOMPLISHED!!! rocktivity May 2012 #62

Doing EXACTLY What They Told EVERYONE They were going to do CBGLuthier May 2012 #4

Pump and dump KurtNYC May 2012 #6

zuckerberg did not pump it. Morgan stanley and the underwriters did, along with the wall street in still_one May 2012 #7

so what did Zuckerberg say the shares were worth? KurtNYC May 2012 #15

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

Zuck said the shares would go to $44 within 6 months but he dumped at $37.66 KurtNYC May 2012 #26

He didn't dump anything. former9thward May 2012 #30

Can you imagine how low the price would be now if he sold 20% of his shares? KurtNYC May 2012 #31

He sold to pay taxes. It doesn't matter what he thought the price was going to be. former9thward May 2012 #33

To pay taxes on the sale of the shares he sold KurtNYC May 2012 #41

Do you think he has no income other than those shares? former9thward May 2012 #42

you are a sad fanboy,. Civilization2 May 2012 #45

You know nothing about business. former9thward May 2012 #48

+1 we can do it May 2012 #58

yup. closeupready May 2012 #8

+1. bemildred May 2012 #23

Vulture Capitalism anyone? Iliyah May 2012 #9

Nothing wrong with that, I'd do the same thing tularetom May 2012 #10

You mean the pie he stole from other students we can do it May 2012 #13

Exactly which other students ? dipsydoodle May 2012 #22

You mean the Winklevi? Odin2005 May 2012 #40

Sometimes it pays to be a procrastinator. I was going to buy FB shares but just didn't get yellowcanine May 2012 #14

Facebook, like Google, is just an ad spamming pyramid scheme. onehandle May 2012 #16

esp. if everyone used Firefox with AdBlock Plus plugin Roland99 May 2012 #25

Blaaah... I created (designed, programmed, ran, hosted) a social networking site octothorpe May 2012 #27

I will never click-thru on an ad. Esp. the ones with motion. Roland99 May 2012 #38

I use Chrome Google Bryn May 2012 #34

Google is VERY different from FB KurtNYC May 2012 #28

Facebook has like a tenth of the ad click rate that Google has fujiyama May 2012 #51

1.13 billion is barely a drop in the bucket in terms of what he owns in the company. iandhr May 2012 #18

Oooh! Barley in a bucket! Fuddnik May 2012 #29

To be fair... this is generally common... Fearless May 2012 #32

That's how IPOs go - big investors who get in early do well... polichick May 2012 #35

big investors who got in at $38 when it went public? wordpix May 2012 #54

Look up the criteria for getting in before the IPO - for each investment house... polichick May 2012 #55

wow, you know everything, right? wordpix May 2012 #59

I trade enough to know about this... polichick May 2012 #60

He's selling, I'm buying. Chan790 May 2012 #47

"Getting out while the getting's possible?" unkachuck May 2012 #50

Wasn't this already known? fujiyama May 2012 #52

Um, I know NOTHING about public offerings and CEO behavior Canuckistanian May 2012 #53

First they are required to disclose the sale ahead of time grantcart May 2012 #66

So let me get this outrage straight. Dreamer Tatum May 2012 #56

The SEC should investigate him, as well as Morgan Stanley, JP Morgan, and Goldman Sachs fully tawadi May 2012 #57