Great Achievements in Facebook

A Hagiography of St. Zuck: Mark Zuckerberg’s Pre-IPO Canonization

Hoodie aficionado Mark Zuckerberg. (Getty)

Is Mark Zuckerberg’s hoodie a “mark of immaturity” or his peculiarly Silicon Valley take on the robe and cowl, the garments of a cyber-saint?

Kvetching about the youthful Facebook C.E.O.’s casual approach to business wear when he has achieved huge success before his company even goes public is petty, but a quick survey of some positive pre-IPO coverage of Mr. Zuckerberg induces a bit of queasiness in anyone allergic to obsequiousness or hyperbole.

Two particularly sugary bites, with some added emphasis: Read More

Facebook Faceoff

Forfeiting U.S. Citizenship is the Hip New Way to Dodge Taxes on Your Post-IPO Dough

Mr. Saverin (therichest.org)

If you’re a dual citizen, and you think the U.S. helps itself to far too large a chunk of your hard-earned cash, here’s a new lesson from Facebook cofounder Eduardo Saverin: renounce your citizenship, and you, too, can avoid a hefty tax bill.

Bloomberg reports that Mr. Saverin, a Brazilian-born resident of Singapore, has decided to forfeit his U.S. citizenship days before Facebook’s IPO, in “a move that may reduce his tax bill.” They pulled the information from a list published by the Internal Revenue Service that names people who have decided to renounce their citizenship as of April 30th. Read More

It's Zuck's World We're Just Living In It

Reported FTC Probe Into Facebook-Instagram Deal Could Delay IPO [UPDATED]

Hoodie aficionado Mark Zuckerberg. (Getty)

When it comes to technology acquisitions, competition probes are fairly typical; as Microsoft or Google would probably attest, it’s kind of a rite of passage. That’s why it’s pretty unsurprising that the Federal Trade Commission announced is rumored to have launched an antitrust probe into the Facebook-Instagram deal today, a move that is routine for deals over $66 million. Read More

It's Zuck's World We're Just Living In It

Founders Apparently No Longer Looking to Cash Out

(elitedaily.com)

When Facebook hits the NASDAQ sometime later this month, the structure of the stock offerings will ensure that Mark Zuckerberg still hasa substantial amount of control. If that sounds unusual or problematic, well, Bloomberg has crunched the numbers and the trend probably isn’t disappearing any time soon–so we’d all better get used to founders who make it to the IPO sticking around for the long haul.

Traditionally, going public means ceding some authority, as CEOs become answerable not just to a board of directors, but new shareholders, as well. For a particularly flamboyant example of how this can play out, witness Yahoo’s resume-gate, which was set into motion by a particularly activist investor. Read More

It's Zuck's World We're Just Living In It

As Peak Hype Hits, Facebook Reportedly Wants More Shares for Regular Investors

(Photo: Facebook.com)

Like most hotly anticipated IPOs, there are plenty of people who’d like a piece of Facebook, and even all the ad-revenue-related doubts in the world aren’t going to change that. Typically, only a small slice of shares are available to mom-and-pop investors. But according to Dealbook, Facebook wants a higher percentage reserved for retail investors, perhaps even as much as 20 to 25 percent for retail investors.  Read More

It's Zuck's World We're Just Living In It

Facebook Roadshow Starts Monday, IPO Slated for May 18th

Mr. Zuckerberg (flickr.com/deneyterrio)

It would seem Mark Zuckerberg is finally ready to prove he’s serious about Facebook’s IPO. Several reports have noted that investors are less than thrilled with the fact that Zuck has been M.I.A for meetings leading up to Facebook’s IPO. But the Wall Street Journal reports today that Facebook’s road show will begin on Monday, May 7th, and Mr. Zuckerberg will in fact be attending. The same sources told the WSJ that Facebook is scheduled to go public Friday, May 18th.

The news about the road show and IPO is buried in an article about advertisers’ growing skepticism regarding the effectiveness of running ads on Facebook. “Some advertisers with big spending accounts are wondering whether they’re getting their money’s worth,” notes the WSJ, next to a photo illustrating what advertisers could get for the same $1 million price of 125 million Facebook impressions (two 30-second ads on “American Idol,” for example). Considering that comparison, we’d venture to say that advertisers probably aren’t getting their money’s worth, but that Facebook will still be just fine come IPO day.