Former President of Facebook, Sean Parker, did an interview with CNBC today in which he discussed Facebook’s “inevitable” IPO and applauded Mark Zuckerberg for keeping the company private for as long as he has. While Parker didn’t provide any insight as to when the public offering would be made or at what valuation, he did admit that the public push for Facebook shares can’t be ignored:
To the extent that there is any bubble in technology at all, it is really a bubble around Facebook in the sense that there is a huge amount of pent-up demand among retail investors for access to Facebook equity.
Our sources say that the IPO could happen as early as next Monday, but it’s anyone’s guess at this point.
In the interview below, Parker discusses how ironic it is that Zynga, which has found success with its games by piggybacking Facebook’s social graph, went public before Facebook did.
Notice that the interview started to go south when questions about Justin Timberlake’s portrayal of him in “The Social Network” started being asked. Let’s keep it to tech folks, shall we?
The CNBC guy on satellite was trolling hard.
- spam
- offensive
- disagree
- off topic
LikeConversation from Facebook
FTC already put a stop to privacy abuses. They have 29 year agreement and regular audits.
Maybe shareholder will put a stop to some of the privacy abuses they keep committing . . .
I honestly don't see where the value comes from. You don't pay a subscription fee to use it. And do you or anyone else you know actually click in any of the ads & actually buy anything? I mean, for Google I can understand when a person is searching for something that they're thinking of buying & a relevant offer comes up. With billions of page views I can see where they'd make money. Facebook has billions of page views too, but I'm not going there shopping for something.
Where do these billions come from? Maybe (probably) I'm just ignorant, but I think this whole internet advertising thing is due for a crash.
Sean people need money