Regardless of whetherit made the correct decision or not , the fact remains that Facebook ’s stock is n’t fair well . Which is why Zuckerberg and co have decided to batten down the hatches , ditching a secondary offeringandplaying it safe when it come to stock . TheWall Street Journal explains :
https://gizmodo.com/facebook-handled-its-ipo-exactly-right-5940311
In a regulative filing Tuesday , Facebook said Chief Executive Mark Zuckerberg wo n’t deal any stock in the caller for a twelvemonth , and that two of its theater director - Marc Andreessen and Donald Graham - have no plans to betray their personal property beyond the amount needed to hide their revenue enhancement liabilities .
Facebook also detail how it will fundamentally buy back 101 million shares when it issues antecedently restrict stemma unit of measurement to its faculty in October . At late price , it would spend roughly $ 1.9 billion to keep those shares off the market .
As the Journal points out , the decision seem to be a move to protect Facebook ’s share price by reducing the amount of Big Blue stock available in the public market . Whether that ’s enough , though , remains to be date . [ Wall Street Journal , TechCrunch ]
range of a function viaAHMAD FAIZAL YAHYA / Shutterstock.com
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