In Facebook Deal, Board Was All But Out of Picture

Interesting. Kind of touches close to a thought I had when I first heard about the deal... Board aside, what kind of signal did the acquisition send to Facebook's rank-and-file?<p>There's plenty of extremely talented people who joined the party too late to have any significant options. Now everywhere they go (including home, private, and social lives...) they can't escape hearing about the gold mine that was just dropped on Kevin and crew.<p>You literally can't escape this news in the connected world. Can't help but wonder if that's weighing on morale at all in there.

I love what this says about Zuck. It takes real conviction to make decisions this big and this fast. Most people would feel the need to build a faux consensus of people around them for moral support.<p>Same thing that let him say no to his own $1 billion acquisition offer I suppose.

Full article: <a href="https://www.google.com/search?q=In+Facebook+Deal%2C+Board+Was+All+But+Out+of+Picture" rel="nofollow">https://www.google.com/search?q=In+Facebook+Deal%2C+Board+Wa...</a>

Well, this has been evident for a long time. Mark Zuckerberg intends to rule Facebook, not by consensus, but by himself. When Zuckerberg was forced to make an IPO, he did everything in his power to minimize outside control. I also believe(not sure about this), that Zuckerberg still retains majority control of the company.

I would really be surprised if this didn't affect the IPO. Why would people put money into a business with corporate governance this poor?

"Mr. Systrom was just hours from signing a deal for a $50 million venture-capital investment that would put a $500 million value on his company"<p>So this started before the deal was closed. Did the funding round close?

Stupid pay wall.

It's amazing that the Instagram guys started negotiations at $2B. I guess when you're talking to FB you just pick a huge number out of the air. Why not $5B?

I really wonder if there's any favor factor in this deal. The deal is too good to be true.