9 Business Moves of The Year
Bangalore: The year 2012 has been a roller coaster ride for many business entities. On one hand where giant entrepreneurial Gods like Facebook and Zynga encountered dropouts from the IPO blunder, others get a fresh kick start to take them to new heights. The following 9 business moves not only made the top headlines but has also set extraordinary examples for other entrepreneurs to take into account. Let’s see how the journey has been, as reported by Inc.com
1. Facebook IPO Blunders
The year 2012 doesn’t seem to be acclamatory for Facebook founder Mark Zuckerberg. The decision of avoiding trading hordes for long has turned out to be a big mistake for Mark. Being a public company brings in lot of pressure and Zuckerberg already had suspicions on the capital market. Due to lack of funds Mark Zuckerberg also attempted to prevail upon venture capitalists Hedge Fund managers, even a Russian oligarch. These investors too seem to cash out the funds leaving Facebook to still remain a private company. All these situations lead Zuckerberg with no other option but to go for IPO in May 2012.
However, launching the IPO didn’t prove to be lucky enough for Facebook. The last minute change executed by David Ebersman, Facebook’s Chief Financial Officer, to increase the size of the offering did not turn out to be favorable. Facebook’s stock was drove down by 15 percent by trading hordes.
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