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FBN’s Charlie Gasparino on why the culture was a key factor behind Facebook’s decision to list on Nasdaq.
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For now though he -- to make room for.
Mr.
Charlie Gasparino investors are searching for answers as to why FaceBook chose the NASDAQ over the New York Stock Exchange to list its upcoming OP RI PO price of its goes way beyond you've got to take a picture on the wall and got to be in Times Square.
Was the idea of Mark Zuckerberg space over time square the sole issue.
Charlie Gasparino serious -- that lets just make it clear you've got paid a list on certain exchanges to -- come down to who gave the best deal I.
Yeah I think another culture.
I mean bottom line is this NASDAQ look at the board of the -- of the FaceBook.
To NASDAQ people on the board to head of Netflix forget the guy's name CEO of Netflix -- Mark injuries and one of the key names and technology -- got it and everybody is Reed Hastings the market injuries and who created net net -- Netscape.
Before before -- before now the hottest selling IPO.
Put those two guys together you have a lot of culture and that's why FaceBook went -- the -- think it's not the listing -- the listing -- marginal -- 500000 dollars difference.
Why -- they care about 5000 up on 2000 -- Bob -- Mark Zuckerberg -- that much of any ego maniac CDS deceased faced the middle Times Square just don't see the although there got a movie made about a writer or a less flattering lead people producing hair but he doesn't care this is culture this is BO market -- -- have been Zuckerberg.
Being part of the apple crowd very close to Steve Jobs apple big NASDAQ -- you put all that together.
It's culture he went there for that and it's but it's and by the way it's a huge win for NASDAQ I will tell you that I mean -- -- David in New York Stock Exchange magic for tooth and nail for this thing.
NASDAQ went out -- -- -- in the CEO of of Bob -- the CEO of NASDAQ so Duncan Niederauer.
Duncan is one a couple of the big the big sort of social media IPOs recently.
He came back with this when this re establishes NASDAQ as like kind of the premier marking.
-- place for technology companies so it's a huge -- It should have been a huge win for the Fox Business Network -- in -- line.
Because and this is what kills me -- I read this this garbage.
In the Wall Street Journal a few -- yeah BC -- it.
Let me tell you something might might old guys are used to work there I worked there for a -- -- I broke a lot of stories now.
And not did not just CNBC -- our journal Wall Street Journal.
-- wasn't for -- our initial report that they made a preliminary decision OK we can get the name just yet but we said that.
That's what set off the feeding frenzy it was the Fox Business Network with the alike and an -- -- -- -- -- After her -- journal I'm telling you -- on the 64 -- -- everything we are -- We are -- there -- we are kicking their rear ends and they won't amid these are -- -- -- I don't feel that hasn't helped.
Tyson be there by the way when I have a nice to be there there was a part of this rule and you would have -- lake site.
The competition -- Really broke the story what they cited -- us with the Timothy Geithner information well that's nice if that's Chris.
Victory is going to be at -- -- -- bone.
At Easter Sunday.
Charlie who is by the way an incredible cook is going to be cooking and and culminating hurt and angry at Kirby thing you know voice at all might produce a Patel did a great job she got -- -- -- -- -- -- -- -- -- -- -- -- -- When we were talking to Howard Schultz right.
Exclusively on Fox Business on Tuesday -- afterward I said who do you think it's FaceBook and he had a couple people rightly said.
NASDAQ both the culture thing which is cultures and but not just.
The culture thing not just a big -- the NASDAQ.
A big win for the Fox Business sort network would you like it or not I 500 I and should -- who broke the story Charlie -- thank you very.
