Mark Zuckerberg

Zuck’s coming for you, Ellison. Read more »

  • 03 Mar 2014 at 6:53 PM

Forbes Continues To Insult, Slander Prince Alwaleed

In spite of (or because of?) his protestations last year, Forbes continues to insist that His Royal Highness is worth 50% less than the prince insists he is, thereby denying him his rightful place alongside (and preferably ahead of) Mark Zuckerberg (#21 with $28.5 billion). Instead, Alwaleed (#30 with $20.4 billion) has again been put with the losers who inherited the Mars candy fortune (numbers 31 with about $20 billion each), a few billion behind Carl Icahn (#25 with $24.5 billion) and George Soros (#26 with $23 billion).

Maybe things will be better when the place is under new ownership. Read more »

Also, he got a deal on WhatsApp, for which he’s got a 5 year plan. Read more »

Andrew Ross Sorkin has a preliminary roster of no-shows and their excuses for sending their regrets, generally some form of “it’s a ridiculous display of ostentation and an enormous waste of time.” Read more »

Mr. Zuckerberg went on to tell employees that the press doesn’t know the company’s future plans, and if they did, they would have the same faith in Facebook’s ability to fulfill its lofty stock-market valuation. He said that investments the company has made over the last six to 12 months will soon bear fruit, the people said. During a question-and-answer session after Mr. Zuckerberg’s speech, one employee asked the CEO if employees are now allowed to talk about the stock price, according to the person familiar with the meeting. Yes, said Mr. Zuckerberg. People should feel comfortable talking about it, he said, but the price shouldn’t be the focus. Mr. Zuckerberg’s new show of sympathy toward shareholding employees was a marked change from his earlier disdain for stock-price talk. On the day of the IPO, Mr. Zuckerberg posted a picture to his Facebook wall of a poster that said, “stay focused, keep shipping.” Mr. Zuckerberg addressed his employees a few days later by saying jokingly, “So, you’ve heard we’re firing David?” referring to Chief Financial Officer David Ebersman, as Mr. Ebersman sat a few feet away, according to people familiar with the meeting. He then said, “We’re very proud of our deals team and we think they did a great job.” [WSJ]

And after a late entrance, Mr. Zuckerberg also showed up, alongside his friend Drew Houston, the chief of Dropbox. Clad in his uniform gray shirt and jeans, Mr. Zuckerberg made a quick beeline for Duchin, but not before Dennis Kneale of Fox Business Network managed to get in a few words. “Can I buy you a vodka gimlet,” the boisterous Mr. Kneale asked, also dressed down in a short-sleeved black top and worn-in sneakers. The Facebook billionaire, whose stake is still billions of dollars, politely demurred, “I’m good, thanks.” [Dealbook]

In snaring the most coveted investment-banking assignment of the year, Morgan Stanley’s Michael Grimes insisted to a senior Facebook executive that he be the “single driver” of the company’s initial public offering, adding that if the deal soured, it would be his “throat to choke. [WSJ]

  • 06 Jun 2012 at 7:29 PM

Facebook Is Number 1 (Among Short-Sellers)

No large U.S. company is attracting more attention from short sellers than Facebook, amid bets the world’s biggest social-networking company will keep falling after losing $27 billion since its initial public offering. Short interest on the Menlo Park, California-based company reached 5.9 percent of shares outstanding, according to data compiled by Bloomberg and Data Explorers Ltd., a New York-based research firm. None of the Standard & Poor’s 500 Index companies with at least $50 billion in market capitalization has short interest higher than 3 percent, the data show. Facebook, which has a market value of about $63.8 billion, isn’t in the S&P 500. [Bloomberg]