IPO filings aren't just a great way to raise money, they're also a perfect place for young CEOs and idealistic internet companies to grandstand and proclaim their altruistic motives. Whether or not you buy what they're
shoveling selling is something different. Google had "do no evil," now Facebook has it's own mission statement, though, it's admittedly quite scatter brained. Buried deep in the IPO filing is a letter from Mark
Zuckerberg to investors in which he lays out Facebook's mission and role in improving the world. Zuck doesn't think his social network is about poking cute girls and tilling virtual fields, he ""hope[s] to change how people relate to their governments and social institutions." And, lest you think every move is some calculated ploy to free you from the burden of cash or personal information, the billionaire CEO explains, "we don't build services to make money; we make money to build better services." For the complete letter head on after the break. Trust us, whether you trust and like Zuckerberg or not, it's an interesting read.
Continue reading Zuckerberg outlines idealistic Facebook mission in IPO filing
Zuckerberg outlines idealistic Facebook mission in IPO filing originally appeared on Engadget on Wed, 01 Feb 2012 17:43:00 EDT. Please see our terms for use of feeds.
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CommentsSource: http://www.engadget.com/2012/02/01/zuckerberg-outlines-idealistic-facebook-mission-in-ipo-filing/
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