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Diary of an IPO: What role does a CEO play when it comes to investor relations? Better yet, what role should a CEO play?

Posted by on April 23rd, 2012

While the question might seem mundane, that doesn’t seem to be the case with respect to Facebook CEO Mark Zuckerberg. A few weeks ago it was reported that Mr. Zuckerberg did not attend a meeting of analysts and investment bankers that took place in his very own office.  In my experience, this is shocking and […]

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Diary of an IPO: The Facebook-Instagram edition

Posted by on April 18th, 2012

The Wall Street Journal reported today that, for all intents and purposes, the Board of Directors of Facebook was not consulted on the $1 billion Instagram acquisition until a week ago. When Facebook’s S1 was filed, I noted the fact that Mr. Zuckerberg maintains a 57% voting right in the company and suggested that this […]

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Diary of an IPO: Facebook – It’s The Words that Really Matter – Not the Numbers

Posted by on February 3rd, 2012

EBITDA, net income, revenues, users — the numbers do not and will not lie.  After reviewing Facebook’s S-1 filing with the SEC, there is no justification for a $100 billion valuation.  Everything we are told is about the company’s historic business leading up to December 31, 2011.  Other than general ideas on how the company […]

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