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A comment on Zuckerberg's Big Facebook Mistake. Parent comment

Re:Zuckerberg's Big Facebook Mistake by ramirez60 on Friday July 27, 2012 @04:26PM (#4303413)
That's not why FB went public. They went because they had to...
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Re:Zuckerberg's Big Facebook Mistake by uptown on Friday July 27, 2012 @04:38PM (#4303467)
Going public wasn't required by their investor count, but they would have had to have audited financials, so the benefits of remaining private would have been reduced anyway:

http://www.quora.com/Why-does-Facebook-need-to-go-public

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Re:Zuckerberg's Big Facebook Mistake by sbov on Friday July 27, 2012 @06:39PM (#4303904)
Facebook passed the 500 shareholder mark back in 2008 and got an exemption.

I've had no luck finding out why they then had to observe the rule by 2012 though.

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Re:Zuckerberg's Big Facebook Mistake by mohawk on Friday July 27, 2012 @06:51PM (#4303944)
Passing the 500 mark means you have to hand in SEC filings, nothing more.
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Re:Zuckerberg's Big Facebook Mistake by muzz on Friday July 27, 2012 @05:02PM (#4303561)
No. No company "has" to go public
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Re:Zuckerberg's Big Facebook Mistake by viscanti on Friday July 27, 2012 @05:42PM (#4303728)
There needs to be some liquidity event for employees who own stock. Equity is a big part of compensation in a startup. No company "has" to go public, but they could lose a significant portion of their workforce if they don't.
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