Ok, He introduces a few 100 Billion dollars worth shares. But holds onto at least 51% of them for himself, and a large fraction go to lackies in the company.
So they only raise 16 Billion. Not 100 Billion like all the press has been stating for months.
Isn't this kind of like a big shill game? Well, at least its public now, so everyone can see the income and loss statements. But I wonder how many years it will take for the investors to get 16 Billion of profit out of the company. I wonder how long it will be before they make 16 Billion gross, actually.
I don't seen any ads on my iPhone FB app. And adblocked the ads on my computer(Firefox).in which the company expressed caution about revenue growth due to a rapid shift by users to mobile devices. Mobile advertising to date is less lucrative than advertising on a desktop
How are they to make revenue off of ads, if users don't see the ads?
Now, I understand that they will use the money for other uses. For example, Google used investor money not to improve their search engine, but to develop other things such operating systems for cells phones. And to develop other apps, think Google Earth(which they bought years ago, I forget the company name at this time).
For those of you assholes who invested, good luck. I don't see how a company that produces nor sells any product can produce a profit; it looks like some Maddow shell/shill scheme to me. How FaceBook is worth more than NBC, Disney, and GM combined....you got me.