Facebook IPO: Mark Zuckerberg Orders Banks to Shut Up
Found on International Business Times on Tuesday, 07 February 2012
In the weeks leading up to Facebook's massive $100 billion initial public offering, the company's founder Mark Zuckerberg reportedly told Goldman Sachs, Morgan Stanley, JPMorgan Chase and the other banks involved in the action to stop leaking information to the media.
Zuckerberg, who earns only $1 in salary from Facebook but retains a $28 billion stake in his social network, was reportedly unhappy that the banks leaked details about his company's Wall Street debut.
According to Zuck himself, privacy is over. Facebook constantly reduces the privacy of its users and would love if there was no privacy at all. However, privacy seems pretty important to him when it's about money; and this is also in quite a contrast to one of his statements: "By giving people the power to share, we're making the world more transparent". Transparency obviously is somethimg Zuck only wants for the users, not for Facebook.