Friday, May 25, 2012

Facebook chief operating officer begs students to 'click an ad or two' on social network as IPO woes continue

Facebook's chief operating officer joked about the company's disastrous public offering during a speech to Harvard Business School students.

Sheryl Sandberg, 42, asked the class yesterday to click on the social network's advertisements now that the company had gone public.

In the 22-minute speech, where she offered advice based on her career success, the executive quipped: 'We’re public now. So can you click on an ad or two while you’re there?' Read More

FACEBOOK'S BIG WINNERS CASHED IN EARLY BEFORE THE PRICE TUMBLED

Here is a list of the early investors in Facebook who made a bundle by cashing in portions of their stock Friday before share prices tumbled. Value is estimated at $38 a share. Also included is how much money each saved by getting out Friday, before shares sunk to $31.

Mark Zuckerberg

Shares sold: 30.2 million

Value: $1.13 billion

Saved: $174 million

Accel Partners, venture capital investor

Year invested in Facebook: 2005 for $12.7 million

Shares sold: 49 million

Value: $1.86 billion

Saved: $341 million

Peter Thiel, PayPal co-founder

Year invested in Facebook: 2004 for $500,000

Shares sold: 16.8 million

Value: $640 million

Saved: $119 million

DST Global Ltd, investment firm based in London and founded by Russian oligarch

Year invested in Facebook: 2009 and late 2010 for $200 million

Shares sold: 45.7 million

Value: $1.74 billion

Saved: $323 million

Goldman Sachs, investment bank

Year invested in Facebook: 2011 for $450 million

Shares sold: 28.7 million

Value: $1.09 billion

Saved: $200 million

Elevation Partners, private equity firm with Bono as spokesman

Shares sold: 4.6 million

Value: $176 million

Saved: $3.3 million

Greylock Partners, venture capital investor

Year invested in Facebook: 2006 for $27.5 million

Shares sold: 7.6 million

Value: $289 million

Saved: 53.4 million