David Rosenthal: recommendation

Transcript context

…Whether or not you were traded on an exchange. Whether or not you were traded on an exchange. At the end of 2011, Facebook crossed 500 shareholders. For Facebook, this means that they were going to have to report like a public company anyway. In practice, the common wisdom was you have to go public as part of this anyway because otherwise, you’re going to report. Then you’re going to lose all the momentum and excitement about having an IPO, doing an S-1, having a big road show, et cetera. You might as well just do the IPO as long as you’re going to have to do this. I think Mark, Sheryl, and the team really debated, well should we skip the IPO? But well shoot, then we’re going to be reporting as a public company and heading into all of these headwinds without having actually gone public and raised the money that we might need to be able to make these investments. They’re like, nope, we got to just do it and go public. Yes, it is an odd time to go public, given everything with mobile, and of course, they’re being forced into it. There actually are a couple of tailwinds that they have that are probably worth touching on here. The first of which is they had just beat Google+.…

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