Reply #27

In the discussion thread: Facebook's Zuckerberg, Thiel sell shares [View all]

Wed May 23, 2012, 12:21 PM

27. Blaaah... I created (designed, programmed, ran, hosted) a social networking site

Last edited Wed May 23, 2012, 12:21 PM USA/ET - Edit history (1)

just for shits and giggles a couple years ago. Anyway, somehow it got a good number of members and I found myself forking out a decent amount of cash (in addition to the time/effort) to keep the site running. I relied on ads to offset the cost of providing the service to people. It really bothered me when I saw people discussing ways to hide ads on my site. It's one of the reasons why I don't block ads on sites I use (such as DU), unless I'm paying for some sort of membership.

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66 replies	Author	Time	Post
Facebook's Zuckerberg, Thiel sell shares [View all]	Roland99	May 2012	OP
I read that as "Zuckerberg, Thief sell shares"	BeyondGeography	May 2012	#1
Same difference.	Atman	May 2012	#2
DUzy candidate!	rocktivity	May 2012	#3
and if you started a company that went IPO, you wouldn't sell some of your shares either? There is	still_one	May 2012	#5
Read the headline again	BeyondGeography	May 2012	#11
He is a thief, the whole facecrook racquet is a scam	we can do it	May 2012	#12
please explain	frylock	May 2012	#20
It certainly isn't worth what people paid for it, but they did so willingly	4th law of robotics	May 2012	#37
Okay, kids...reality check...	Atman	May 2012	#17
I think that is pretty much what I said, it was wall street and the underwriters. However,	still_one	May 2012	#19
You are right, it is a casino. And the house always wins.	Odin2005	May 2012	#39
Here is what I meant by that, and why it relates...	Atman	May 2012	#43
Sure it is the bag man's fault	zeemike	May 2012	#24
Does Zuckerberg still have a large majority share margin?	JDPriestly	May 2012	#44
I did, too!	Odin2005	May 2012	#36
I read it as "Suckerberg, Thief sell shares" nt	bupkus	May 2012	#46
Another one DUzy Candidate!	rocktivity	May 2012	#49
DUZY ACCOMPLISHED!!!	rocktivity	May 2012	#63
My first DUZY!	bupkus	May 2012	#65
DUZY ACCOMPLISHED!!!	rocktivity	May 2012	#61
Noted	BeyondGeography	May 2012	#64
DUZY ACCOMPLISHED!!!	rocktivity	May 2012	#62
Doing EXACTLY What They Told EVERYONE They were going to do	CBGLuthier	May 2012	#4
Pump and dump	KurtNYC	May 2012	#6
zuckerberg did not pump it. Morgan stanley and the underwriters did, along with the wall street in	still_one	May 2012	#7
so what did Zuckerberg say the shares were worth?	KurtNYC	May 2012	#15
He is doing what every CEO is told to do by the underwriters when you go public. He didn't set the	still_one	May 2012	#21
Zuck said the shares would go to $44 within 6 months but he dumped at $37.66	KurtNYC	May 2012	#26
He didn't dump anything.	former9thward	May 2012	#30
Can you imagine how low the price would be now if he sold 20% of his shares?	KurtNYC	May 2012	#31
He sold to pay taxes. It doesn't matter what he thought the price was going to be.	former9thward	May 2012	#33
To pay taxes on the sale of the shares he sold	KurtNYC	May 2012	#41
Do you think he has no income other than those shares?	former9thward	May 2012	#42
you are a sad fanboy,.	Civilization2	May 2012	#45
You know nothing about business.	former9thward	May 2012	#48
+1	we can do it	May 2012	#58
yup.	closeupready	May 2012	#8
+1.	bemildred	May 2012	#23
Vulture Capitalism anyone?	Iliyah	May 2012	#9
Nothing wrong with that, I'd do the same thing	tularetom	May 2012	#10
You mean the pie he stole from other students	we can do it	May 2012	#13
Exactly which other students ?	dipsydoodle	May 2012	#22
You mean the Winklevi?	Odin2005	May 2012	#40
Sometimes it pays to be a procrastinator. I was going to buy FB shares but just didn't get	yellowcanine	May 2012	#14
Facebook, like Google, is just an ad spamming pyramid scheme.	onehandle	May 2012	#16
esp. if everyone used Firefox with AdBlock Plus plugin	Roland99	May 2012	#25
Blaaah... I created (designed, programmed, ran, hosted) a social networking site	octothorpe	May 2012	#27
I will never click-thru on an ad. Esp. the ones with motion.	Roland99	May 2012	#38
I use Chrome Google	Bryn	May 2012	#34
Google is VERY different from FB	KurtNYC	May 2012	#28
Facebook has like a tenth of the ad click rate that Google has	fujiyama	May 2012	#51
1.13 billion is barely a drop in the bucket in terms of what he owns in the company.	iandhr	May 2012	#18
Oooh! Barley in a bucket!	Fuddnik	May 2012	#29
To be fair... this is generally common...	Fearless	May 2012	#32
That's how IPOs go - big investors who get in early do well...	polichick	May 2012	#35
big investors who got in at $38 when it went public?	wordpix	May 2012	#54
Look up the criteria for getting in before the IPO - for each investment house...	polichick	May 2012	#55
wow, you know everything, right?	wordpix	May 2012	#59
I trade enough to know about this...	polichick	May 2012	#60
He's selling, I'm buying.	Chan790	May 2012	#47
"Getting out while the getting's possible?"	unkachuck	May 2012	#50
Wasn't this already known?	fujiyama	May 2012	#52
Um, I know NOTHING about public offerings and CEO behavior	Canuckistanian	May 2012	#53
First they are required to disclose the sale ahead of time	grantcart	May 2012	#66
So let me get this outrage straight.	Dreamer Tatum	May 2012	#56
The SEC should investigate him, as well as Morgan Stanley, JP Morgan, and Goldman Sachs fully	tawadi	May 2012	#57

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