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Atman

(31,464 posts)
43. Here is what I meant by that, and why it relates...
Wed May 23, 2012, 03:04 PM
May 2012

...to Zuckerberg. Sure, there is a vast difference in scale; a $4mil company as opposed to a $104bil company. But the same bullshit applies. My company had virtually no assets. We performed a miracle, according the Wall Street people, by raising half a million bucks in "angel funding" in six months in a podunk Western New England town. The lawyers and brokers at certain big Wall Street firms who shall go unnamed until my own lawyer clears this, said we were "going places."

We used our first check to rent a big booth at Art Expo in NYC, right next to Sotheby's and a couple of other big players. We bought the entire back cover of the Art Expo program, something like 50,000 copies, for cheap. Wicked cheap...because we were supposedly so hot. The first morning of the show, four guys in $5,000 suits walked up to our booth and said they wanted in. They bought in, they valued the company at $4,000,000, they used that to raise more money, they fired me from my own company, they all made fortunes, and I walked away with some worthless paper and some valuable lessons. I was about Zuckerberg's age at the time.

My point is/was -- these Wall Street fuckers, just like Mittens, they DON'T CARE. When I was fired from my own company, a la Steve Jobs at Apple, they couldn't understand why I was upset. "It's only business," they told me. If you can't afford to play, don't get into the game. They ALL made fortunes, and every single principal in the company is now working on something else, with barely a dime to show for our efforts.

The lesson is simple...the people with money, like Mittens and the people who fucked me, don't care and will NOT -- WILL NOT -- help make you rich. There is no "level playing field" in America. If you're rich, you work to stay rich. If you're not rich, the rich will fuck you out of every good idea you ever come up with.

I hope Zuckerberg at least bought some tangible assets he can sell off after his board of directors fucks him over for a profit.

Kid, don't ever, EVER, let anyone tell you can make it America. The people that already made it will make sure you can't...they're covering their own asses. If you want to "make it," become a cut throat slimy soulless asshole like they are. Like Mitt Romney is. Then at least you'll have a shot.

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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