There's a battle brewing between the old-world thinking of Madison Avenue and Wall Street and the mindset of the Facebook generation. GM's $10 million ad-pull was just the first skirmish.
Despite the popular portrayal of Mark Zuckerberg as someone severely lacking in people skills--and the controversy surrounding its recent IPO--it's clear he's created an employee culture that not only works like gangbusters, but also reveres its leader.
They were doing just fine before, but the biggest of Facebook's minority owners are about to be catapulted into a far more elite bracket. Sheryl Sandberg will make millions in equivalent value tomorrow, but has to stick with Facebook long term to earn billions.
Facebook's stock is trading; the question now is whether the bell will toll for the shorts or the longs. Here are realities, fundamental and exogenous, that will work together, along with the market’s very own alchemy, to chart the stock’s course.
Facebook will offer 180,000,000 shares of its common stock for an initial public offering price of $28 to $35 a share, the company announced Thursday via amendments to its S-1 filing. Class A shares will bring in between $5 billion and $6.3 billion for Facebook, and existing shareholders will sell an additional 157,415,352 shares.
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They were doing just fine before, but the biggest of Facebook's minority owners are about to be catapulted into a far more elite bracket. Current employee Jeff Rothschild is set to earn hundreds of millions, prime capital for investing in other startups.
They were doing just fine before, but Facebook's biggest minority owners are about to be catapulted into a far more elite bracket. Dustin Moskovitz, modestly, seems set to keep going as usual, building products that help the rest of us boost our productivity.
