YOU KNOW WHAT'S AWESOME? A BAZILLION DOLLARS.

Facebook Founder Eduardo Saverin on Facebook’s IPO: ‘What a Ride!’

eduardo oh eduardo

Facebook is going to become a stock you can invest in as of today. If you haven’t already heard this news, you probably don’t even know what Facebook is (in which case: How’d you get here?).

Either way, Eduardo Saverin—the press-shy founder of Facebook who was famously ousted from the company in its early days, thus giving The Social Network a plot and Saverin a decent-sized cash settlement—has spoken on the matter of the Facebook IPO… Read More

THE INNOCENCE OF YOUTH

Mark Zuckerberg, Pre-IPO: ‘I Don’t Really Like Putting A Price-Tag On The Stuff I Do’

Cares about you, kind of. Not really.

Well, Facebook is probably going to file for an IPO tomorrow. In the event you haven’t already been bombarded with this news and don’t know what it means, it means that Facebook is going to go to the stock market, and soon you—or anyone—will be able to own an over-hyped, overvalued piece of The Most Famous Social Network Basically Ever.

Seeing as how this is the case, there seems to be no better time than to bring forth the quotable Mark Zuckerberg on the matter of selling out. Read More

RUMZYNGA!

The Best ‘Zynga Guys’ Story Ever Got Buried by the Times

ZYNGA DOG IS NOT THE NEW GROUPON CAT?

On Sunday, the New York Times’ Dealbook finance vertical—increasingly focused on tech IPOs, naturally—unrolled a monster story by writer Evelyn M. Rusli about just how toxic the culture of Zynga can be to employees, and how it’s hurt the company’s potential growth opportunities. It’s an utterly fantastic read. But—as one Betabeat tipster pointed out to us—the best moment in the piece was missed by many, because it was buried in the 29th paragraph, in a story with 38 paragraphs. Read More

GROUPOCALYPSE NOW!

The Inevitable Groupon Stock Apocalypse is Here, and The Face Of It is Some Drunk Kid We Met at a House Party

groupon-cat-360

Remember that time that one daily deals company IPO’d, and everyone was really excited about it, except for those crazy, mean naysayers (like Google searches for it) who were like, “this will not end well because Groupon is basically a very sophisticated Ponzi scheme” and made flow charts that may have suggested this?

Well, guess what? Today, those people are eating Correct Sandwiches for lunch. Read More