10 Letdowns From The Facebook IPO Filing


A Letter From Mark Zuckerberg

Included in the S-1 statement, among the financials, boilerplate safe harbor statements and risk factors, is an intimate letter from Mark Zuckerberg to Planet Earth. It starts, “Facebook was not originally created to be a company.” (Was it created to become a movie, then?) In more than three dozen paragraphs, Zuckerberg sounds apologetic for about to become one of the richest men in America. That’s not the best of ways to inspire potential investors.