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In reply to the discussion: Facebook's Zuckerberg, Thiel sell shares [View all]KurtNYC
(14,549 posts)28. Google is VERY different from FB
Google kicked Goldman Sachs out of their IPO. They turned down a buyout offer from Microsoft. They CUT the size of the offering and the price before the IPO. Google opened at $85 a share is now selling at $599.
Too many other differences to list but Facebook peaked a year ago and then scrambled to cash in before the bottom drops out.
http://en.wikipedia.org/wiki/History_of_Google#Financing_and_initial_public_offering
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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