tag:blogger.com,1999:blog-9025948832913694345.post7790177206686631503..comments2024-03-22T02:15:56.280-07:00Comments on Jersey Jazzman: The Selling Out of Newark's Schools: Part IIDukehttp://www.blogger.com/profile/16535645107179796099noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9025948832913694345.post-7989601915107270802012-12-31T10:08:26.879-08:002012-12-31T10:08:26.879-08:00Thx, Ken. Seems to me that confirms the Forbes guy...Thx, Ken. Seems to me that confirms the Forbes guy's story. I included the vid at the bottom of the post to shore up this idea, but as I said, I'm admittedly the last guy to make an informed judgement on this. Unlike many in the media, I have learned to accept my limitations. Appreciate your insights.<br /><br />Happy New Year to you and yours!<br /><br />Dukehttps://www.blogger.com/profile/16535645107179796099noreply@blogger.comtag:blogger.com,1999:blog-9025948832913694345.post-80963062289047212752012-12-31T08:20:47.839-08:002012-12-31T08:20:47.839-08:00"Time for my first caveat: I know less about ..."Time for my first caveat: I know less about high finance than probably anyone on the planet. Maybe the guy above from Forbes is full of beans; I wouldn't know."<br /><br />The public offering of the "IPO" was not more than 5% of Facebook.<br /><br />Microsoft, judging from <a href="http://blog.seattlepi.com/microsoft/2006/03/16/looking-back-microsoft-ipo-march-1986/" rel="nofollow">this</a>, initially intended to offer just over 10% of the company, and may have ended up offering about 15%.<br /><br />Google's offering is closer to that of Ford Motor--two-tier stock so that voting control of the company remained with the founders. But their IPO <a href="http://money.cnn.com/2004/04/29/technology/google/" rel="nofollow">also looks like more than 10% of the company</a> ($2.7B offer, poss mkt value of $24B).<br /><br />So it appears safe to say that FB offered less than half the possible value that MSFT and GOOG did--even if you ignore that, especially in GOOG's case, the offering was made in a more reasonable manner than Facebook's.Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.com