Mark Zucks charged the company black card $5B so he and Sandburg could avoid litigation. Where’s your TC now?

New / Eng
elaguante

New Eng

BIO
Lead Full Stack. Product Designer.
elaguante
Sep 24, 2021 43 Comments

How do the folks at FB feel about the company spending $5 instagrams to keep the majority shareholder legal risk free?

How do the shareholder feel?

Source: https://www.politico.com/news/2021/09/21/facebook-paid-billions-extra-to-the-ftc-to-spare-zuckerberg-in-data-suit-shareholders-allege-513456

#faang #facebook #tc

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TOP 43 Comments
  • Anduril
    sIPn05

    Go to company page Anduril

    sIPn05
    Lol an extra 100 million is nothing to a company that feeds employees for free, gives business class travel and gave 2k in misc covid bonuses
    Sep 24, 2021 9
    • New / Eng
      elaguante

      New Eng

      BIO
      Lead Full Stack. Product Designer.
      elaguante
      OP
      What are you smoking… what does that have to do with anything
      Sep 25, 2021
    • Anduril
      sIPn05

      Go to company page Anduril

      sIPn05
      I think what apple is saying is that you can’t compare the value of current money with what it used to buy. Ex - the cost of the US was less than Tokyo in the 80s
      Sep 25, 2021
  • 8x8
    trimplety

    Go to company page 8x8

    trimplety
    Stop being jealous op. Zuck made those shareholders hundreds of billions in the same timeframe. What would their damages be if he were required to testify under oath? This will be dropped.
    Sep 24, 2021 2
    • New / Eng
      elaguante

      New Eng

      BIO
      Lead Full Stack. Product Designer.
      elaguante
      OP
      😂 I couldn’t be less jealous of the Zuck. He literally sucks as a human being. Eat the rich. All that good stuff.

      As a fiduciary of the company he should probably think twice before spending 5 instagrams to avoid testifying.

      But yeah. Im biased. I’d love to see the whole company go down and im just dying to short the stock harder.
      Sep 24, 2021
    • As a fiduciary of the company it's his duty to spend 5 Instagrams to avoid testifying. That'd not be great at all for the company.
      Sep 24, 2021
  • Facebook
    jonwick072

    Go to company page Facebook

    jonwick072
    Stop worrying about other people's money. My goodness you must be bored
    Sep 24, 2021 10
    • New / Eng
      elaguante

      New Eng

      BIO
      Lead Full Stack. Product Designer.
      elaguante
      OP
      You can’t handle the fact that your company is killing people all over the world? Sad.
      Sep 26, 2021
    • keep liking your own responses. as sad as your posts
      Sep 26, 2021
  • Microsoft / Eng
    Beam7

    Go to company page Microsoft Eng

    Beam7
    Who?
    Sep 24, 2021 3
  • 8x8
    trimplety

    Go to company page 8x8

    trimplety
    You also seem to forget, zuck owns FB. That’s what majority voting power means.
    Sep 24, 2021 3
    • Amazon
      wuz39462

      Go to company page Amazon

      wuz39462
      You say fiduciary duty but you’re not seeing that if Mark testified, they stock price will drop by much more than 5b. This is the right decision.
      Sep 24, 2021
    • New / Eng
      elaguante

      New Eng

      BIO
      Lead Full Stack. Product Designer.
      elaguante
      OP
      Yeah. I see that point. I’m salty because I want to short the stock a whole lot.
      Sep 24, 2021