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