7
Zuckerberg’s Share

Nick Bilton and Evelyn Rusli, reporting for the NYT on who’s profiting from the Facebook IPO:

Mr. Zuckerberg, 27, has 533.8 million shares, worth $28.4 billion based on a company valuation of $100 billion, or $53 a share. He also has undisputed control of the company, a remarkable achievement since the company has received financing from some of the world’s top business minds. He owns 28.4 percent of the company outright and he controls 57 percent of the voting rights. […]

Bill Gates controlled only 49.2 percent of Microsoft as it went public in 1986. Google’s co-founders, Larry Page and Sergey Brin, each owned about 15 percent of their company when it went public in 2004.

I’m not much interested in and don’t use Facebook, so I seldom write about them. But that Zuckerberg was able to hold onto so much stock and an astounding majority of the voting rights is proof that his success is no fluke. The guy must be a badass at the negotiating table.

Thursday, 2 February 2012