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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (487675)	5/18/2012 5:26:38 PM
From: Brian Sullivan	Respond to of 793972

Yet for every Facebook millionaire, there is someone who missed out. Ali Fedotowsky gave it up for love. She left her job in Facebook's ad-sales department in 2010 to star in her own reality TV show, "The Bachelorette." Ms. Fedotowsky left behind her unvested, restricted Facebook stock units, says her spokeswoman, who says Ms. Fedotowsky isn't available to comment. TV personality Ali Fedotowsky attends OK! Magazine's pre-Oscar party in February in West Hollywood, California. In an interview at the time with the Associated Press, Ms. Fedotowsky said "I decided I wanted to do what's best for me, and that's putting love first." She apparently didn't strike gold in love, either: Last fall, she publicly split with Roberto Martinez, the fiance she met through "The Bachelorette." Others bet on the wrong horse. Pravin Vazirani, a partner at the venture capital company Menlo Ventures, says his firm passed up Facebook because the price seemed high. "With the benefit of hindsight, we wish we had" bought shares, he says. "No matter what valuation you got in at, it would have been a great deal." Joe Green has his dad to blame. He was a college friend of Mr. Zuckerberg's, and helped him create "Facemash," the website for rating attractiveness of Harvard students that raised the ire of university officials. Later, Mr. Zuckerberg asked Mr. Green to help run his new venture, Facebook. But Mr. Green, on the advice of his father not to join any more "Zuckerberg projects," turned him down, according to "The Facebook Effect," a book about the company's early days by David Kirkpatrick. The elder Mr. Green did not respond to requests for comment. The book says he calls turning down Mr. Zuckerberg his "billion-dollar mistake." Mr. Green went on to cofound Causes, a Facebook app to help organizations raise money. online.wsj.com

To: LindyBill who wrote (487675)	5/18/2012 5:37:10 PM
From: sm1th	1 Recommendation Read Replies (2) \| Respond to of 793972

They haven't figured out the best way to monetize it, IMO. Isn't that what the IPO was for? $100B is a lot of monetizing.

To: LindyBill who wrote (487675)	5/18/2012 8:29:41 PM
From: steve harris	Respond to of 793972

Cramer kept repeating his story of how when Microsoft came public, Gates and Ballmer were buying back shares since they had lost so many in the going public process. Contrasting that with today's assumption these Facebook geniuses are and will be selling as fast as the SEC will allow. Of course just a couple of days ago Cramer was positive Jamie Dimon would give up all of his salary this year at the shareholder's meeting.....