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East book Daniel why it may hate to Wall Street and how rival Twitter is learning from Facebook's IPO mistakes you're trying to get through with -- -- as detailed reporting you've been.
Doing today mr.
-- Have been all over the place have unfortunately the be distributed situation.
In midtown Manhattan and and this which.
Isn't you know is on the things get laid it's an interest in story what we're talking about here is the face the -- FaceBook IPO.
Why it came about -- you know we've been developing stories about you know what Twitter is learning from FaceBook but let's just go through this when I reported yesterday was that Sheryl Sandburg.
Spoke to at least one large institutional investor -- police chief operating officer of -- he's the alleged adult in the room right -- -- -- 120 general found the creator of distinct markets it is not very well respected on Wall Street.
Not known as the guy that you know could bring the company forward they need adults in the room.
Like -- to not learn how to manage.
She's been she spoke with -- -- one institutional vested airspace would be good to speak with those but was it is a better conversation she just basically try to explain.
Why FaceBook price the deal as it -- way too high as you know -- was at 38 dollar stock at the IPO.
They -- precise 45 in the moments after the IPO right.
It was a net NASDAQ which as we don't know but now it's I believe below twenty she's listening to hovering around which appreciated I don't know if that's where it is right now she's trying to explain this to be -- she was trying to say to raise money -- -- very high.
-- -- -- -- -- -- -- -- -- -- -- I would price so -- because we want -- to screw Wall Street.
Traders namely the people that flip battle this out exactly how she put it now but that's the way it was interpreted -- -- -- we could prevent the Wall Street Wall Street for make a lot of money on the right.
I mean the flippers and T do that the the the person she told that it said yes but you allowed others to flip naming your insiders -- you're -- -- labeled are now able to flip out a sock in it just.
He's he's he's hurting her approach this thing and the entire approach by fees for management to this IPO is really hurting the reputation among institutional investors Wall Street and I'll tell you.
This is getting back.
Dorsey the founder of of Twitter who is now learning from these mistakes and housing learning from -- there is Jack Dorsey he's learning it because he is -- grown up.
This I think he's a kid to a but he Smart enough to know -- got to work with Wall Street and for what I have before jumping into this thing the IPO.
Sort of grew -- he's working with various people including Jamie -- over JPMorgan Chase.
Sort of plot the future of the -- Communist mob you know one of the things that that that FaceBook is indeed in this is what worries institutional investors and Wall Street it kind of wind it.
Had a product obviously -- that we don't use very popular.
But it had no growth strategy for if you try to use that product because its growth of just that product is going down right in profits and revenues.
And now what's left in the lurch after bad ideal people -- these guys and what to do and and I'll take Sheryl -- is not instill in which confidence Dorsey on the other hand.
Is work what you need to -- bill this sort of more enhanced plan about how they -- exactly -- the trick is gonna take its time it doesn't have.
Well then that the date that we reported yesterday is -- it could happen in a year I mean could happen -- yeah that's what elbow room yeah I don't but you know you don't you don't wanna say definitely on any of this stuff is these -- change of -- The notion is at least a year but.
I will tell you wrapping up the two big stories you've been working on today I found out about the Empire State Building shooting via Twitter.
At tweak a random tweet by someone on the scene hit my.
Feet quicker than that local you know you're right about anything that one of the things about Twitter that's it is now obviously got a monetize exactly Dorsey Wright.
He's is way what we understand he's looking at you know five or six different.
Sort of variations of their business model to try to bring FO it.
How do you monetize some like that I will tell you this that if you tell -- they -- -- FaceBook tomorrow and -- I wouldn't it would be that big deal to me.
IE we don't need to -- much -- nieces nephews and one of my niece is really cute I don't care if any -- this out though is what the cute as a -- by my -- I definitely skewed as well in the backyard but I will say this.
I need my Twitter every day yeah I needed to news -- -- but would you need it as much as the was clogged up with advertising.
See that's where I think we're seeing is is way like how to do this where it's not clogged up with advertising is there a different way -- -- And that's what he's -- with diapers as she was social media right now -- do you pay for it out and -- -- how do you grow.
I think it could make money sure bush and his Wall Street and any business demands growth.
How do you grow and at this point -- let's.
From ORR hill's -- of us -- -- -- night it was you know let's see against the yen that's -- they go by incentives for energy now.
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