Bullshit. I presume Zuckerberg is making these claims to remove the board members -- many of whom also happened to be Istagram investors -- from any suspicion of wrongdoing. But clearly the price jump just prior to Facebook's acquisition lends credence to reports that many of Facebook's board will walk away with boatloads of cash from this deal. They were certainly under pressure to complete this prior to going public next month.
I always have to think as the proverbial conniving "gangsta" about stuff like this. If you had a way to make $1 billion by getting yourself a secure $3 billion loan that could easily be paid off by another company you have influence in, would you do it?
It's common sense. The thing is, I think it was a good buy, similar to Google and YouTube.
I doubt that. They were going to make "buttloads of cash" anyway when the IPO goes through. I doubt they'd risk something insidery as that to get a few more.
Oh please. You could fill a very large book with the stories of people who went to jail because, despite huge amounts of wealth, they did something insiderish for a few dollars more.
