If you have any buddies or acquaitances who work for Facebook, now might be a good time to reconnect. Depending on when they started working there and what their compensation package is like, your friend could be getting quite rich as Facebook nears it's IPO. The Initial Public Offering will turn a portion of ownership over to shareholders, giving the social media network an influx of cash. Either way, Zuck and company are going to make a lot of money, but how much? Read on for updates on the latest in this process:
The Hoodie
The big development this week was that Zuckerberg left the comfort of Silicon Valley this week to give a presentation to the collection of bitter Harvard grads who didn't invent Facebook known as Wall Street. And these investors have isolated what looks to be a huge problem with Zuckerberg's leadership: the hoodie! Yes, according to one analyst, the fact that Zuck showed up to a meeting with investors in his trademark hoodie "is a mark of immaturity" and shows that he is not ready to be the CEO of a publicly-traded company. Well, if this guy wants to base his investment decisions on whether a 26 year old wears a hoodie or not that is certainly his right but, you know, I'd probably focus on the numbers.
The Pitch
Meanwhile, if you want to get an idea of how Facebook will be selling itself to investors, you can watch the company's video presentation online here. It doesn't give away any trade secrets or dig too in-depth but it is a good way of seeing how Facebook sees itself.
The Timeline
The good people at the Wall Street Journal have put together an interesting way to visualize the history of the IPO: a Facebook Timeline. In a smart piece of meta-reporting, the newspaper made a Facebook Timeline that tracks the IPO from Facebook's launch through to today.
---
Follow me on twitter @jonahgardner
Comments (0)
Be the first to comment!