Re:FB down 8% at opening
by AndrewDucker on Monday May 21, 2012 @05:17PM
(#4004990)
Mark Zuckerberg doesn't care about the Nay-Sayers. He's made it quite clear that it's his company, and he'll run it how he likes. He just got a huge wodge of money, and he can now spend it however he likes. A win all round, I'd say.
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Re:FB down 8% at opening
by socratease on Monday May 21, 2012 @05:23PM
(#4005008)
Unless it's your money he has taken. And you get no return on your investment. Why does he need that huge wodge of money?
The attitude expressed in your comment is really disturbing.
I really don't understand the investment here; it's a non-voting non-dividend share right? I've asked a few people to explain this without satisfactory answer; there is now absolutely no possible connection between the success of the company and the value of these stocks (unless Zuck decides to sell at least 7% of his 57% ownership, which seems like it will be approximately never) except that all the owners decide their stock should be priced relative to how well the company is doing and other people agree.
It seems like people are investing in what other people will be willing to buy this otherwise useless stock at, and those people are only willing to do it because of yet other people willing to buy it for the same reason. Is that not correct? Seems like an extremely bizarre form of "investment", it's betting on a horse, not owning a portion of a horse.
Zuckerberg doesn't own 57% of FB (that would have made him richer than Warren Buffet), he 'only' has a majority vote.