The Facebook IPO: Why Facebook Subscribers Should Get a Piece of the ActionBY WILLIAM PATALON III, Executive Editor, Money Morning
Mark Zuckerberg... you need to share the wealth from the Facebook IPO.
During a Wednesday morning appearance on the
FoxBusiness "
Varney & Co." program,
Money Morning's Shah Gilani said the
Facebook Inc. founder and CEO should reserve 20% of the potential $100 billion initial public offering (IPO) for some of the company's 600 million subscribers - since they're the folks who really made Zuckerberg the king of social networking (as well one of the youngest billionaires in history).
Given that the Facebook IPO is likely to be one of the hottest ever when the company goes public next year, Gilani said that his proposal would probably be the only way the average investor could get a piece of the company at the offering price. Otherwise, retail investors who really want to own Facebook shares will be forced to buy in on the secondary market after Facebook's share price has experienced what's expected to be a stratospheric zoom. So he challenged Zuckerberg to make this pioneering move.
"Zuckerberg made history with Facebook - and now he's the king of social media and social networking - the man with the Midas touch," said Gilani, a former Wall Street insider and
Money Morning commentator who operates the
Capital Wave Forecast advisory service. "But now it's time for him to give some of the gold that he's earned as the head of Facebook back to the people who helped make that happen."
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