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]](http://sg.wsj.net/public/resources/images/P1-AU066_ZUCK_j_NS_20100303214124.gif)
Facebook Founder In No Rush to 'Friend' Wall Street - WSJ.com
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Jessica Vascellaro’s cover-story in the WSJ seats Facebook in a tension between going public and Zuckerberg’s remarkable ability to “delay gratification” and take a seat in “a long queue of tech barons with grand ambitions.” The real story, however, may be in her subtle jibes at one who might become “world’s richest twenty-something.” More than a thinly veiled personal attack, Vascellaro may be hinting at something more substantial: that the question of privacy in the 21st century will be meaningfully shaped by an ambiguous and controlling figure.
http://stilltitled.com/2010/03/04/privacy-ambiguity-zuckerberg/
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