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Facebook's IPO Roadshow Off to a Frustrating Start

Things got off to a late start because Zuckerberg was ... in the bathroom?

By Kate Seamons,  Newser Staff

Posted May 8, 2012 6:54 AM CDT

(Newser) – Facebook kicked off its IPO roadshow yesterday, and while some elements of day one were perfectly predictable—Mark Zuckerberg showed up in a hoodie and sneakers—others were a little more frustrating. Things began an hour behind schedule, Zuckerberg showed up late to the Q&A (CNBC's explanation: He was in the bathroom), the presentation featured a video that many potential investors had previously viewed online, and the audience was only given enough time to ask eight questions, reports the Washington Post. (Reuters reports it was actually just five.)

One of them was about Facebook's purchase of Instagram, which Zuckerberg defended and said he would do again, noting that Instagram's user data passed a "tipping point" that signaled it would grow much larger. One other detail of note: Security was apparently pretty extreme. Would-be investors had to show several forms of ID and be cross-checked against a list of attendees.

This Feb. 8, 2012 photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif.
This Feb. 8, 2012 photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif.   (AP Photo/Paul Sakuma)
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COMMENTS
Showing 1 of 1 comment
wwwonderer
May 8, 2012 10:04 AM CDT
Oh dotcom bubble, how we've missed you http://statstrade.com/2012/05/facebook-ipo-survey/ Year-to-year comparison, three months ended March 31, 2012 vs 2011: Net income fell 12% to $205M from $233M. Net income attributable to common shareholders fell 10.5% to $137M from $153M. EPS: $0.09 compared to $0.11. Revenues increased by 45% to $1.058B from $731M. Costs and expenses rose by 97% to $677M from $343M. Revenue increased and net income decreased. Cost and expenses increased 97%? And you just bought a company with 40M users, compared to your 900M, because Instagram's user activity (all 40M of them) made FB nervous (about its 900M users). Wow.
 

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