Thursday, March 04, 2010

Facebook Founder In No Rush to 'Friend' Wall Street - WSJ.com

Excerpt from an extensive Facebook snapshot

"The company is definitely set up in a way where myself and the other founders have a lot of control over it," he says. Investors who signed on, he adds, "understood that they fundamentally weren't going to be able to push us in a direction that we wouldn't want to go."

Any IPO timing is squarely in Mr. Zuckerberg's hands. He owns more than a quarter of Facebook's stock and controls votes for three of five board seats, say people familiar with the matter. A Facebook spokesman declined to comment on the board structure or Mr. Zuckerberg's ownership.

[ZUCK_jmp]

Facebook Founder In No Rush to 'Friend' Wall Street - WSJ.com

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