... where visionaries, game changers, and challengers discuss business models
Some of the details to come out of FaceBook now they are doing the IPO.
I don't know what is worse:
- Facebook spent $427 million in 2011 on marketing and sales (sounds like a back hander to the agencies that bring them revenue)
- Facebook spent $280 million on general and administrative expenses (WTF! They have a staff the size of a large UK Newspaper! Says it all really).
Big deal that he is only taking $1 in 2013, he doesn't exactly need the money (don't forget the $800,000 on security and private jets etc). Don't understand why he is even pulling that stunt. Business needs a CEO, if he dies or leaves etc the cost base immediately goes up $500k+ (I know it isn't a big deal, which is why it feels like a stunt). Crazy, maybe that is why I will never be a Billionaire.
Would be interested in other people's views/thoughts.
May 31, 2012 from 4pm to 7pm – MESH
0 Comments 0 Likes© 2012 Created by Alex Osterwalder.