A little while ago a pointed you all to a post explaining how the $15bn Facebook valuation could have been a carefully designed trap laid out to close off all of Facebook’s exit strategies.
I pointed you to their post because I’m not smart enough to explain the details right.
Today, Fred Wilson, another guy with a lot more financial chops that I’ve got, explains why pulling a maneuver like that can occasionally come back to haunt you.
Another interesting read. And a clue as to why Rupert Murdoch owns most of the world already.
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