Mark Zuckerberg freaked out, texted 'Everything is going really badly' before Facebook's IPO

TwitterFacebook

April 2012 was a stressful time for Mark Zuckerberg. The Facebook founder, dealing with Facebook’s difficult IPO, texted his then-fiancée Priscilla Chan in a panic, according to new court testimony

“Everything here is going really badly. Our revenue projection has gone down so much we now think we might go public at less than $50bn if things continue,” Zuckberg texted Chan at the time, the Financial Times reported

“Badly” would be an apt description for Facebook’s May 2012 IPO. The incredibly hyped, biggest-ever-for-2012 tech, $100 billion IPO got off to a rocky start. Trading was delayed, shares fell, and then investors sued.  Read more…

More about Facebook, Ipo, Wall Street, Business, and Mark Zuckerberg
Source: Mashable
Mark Zuckerberg freaked out, texted 'Everything is going really badly' before Facebook's IPO

Show Comments

Comments are closed.