Fri Aug 30, 2013 11:38 pm
Always struck me as a bit too much of a coincidence that Tan promised to put £100million into the club at more or less exactly the same time that his shares in facebook were given their initial evaluation of roughly that amount.
I know he's supposed to be a billionaire etc. so that amount of money is not that much to him, but just how much disposable income a person has, as opposed to wealth tied up in property etc. is another thing of course.
Anyway, in case anyone's been following, the shares plummeted after the initial launch, at one time to almost half the starting price.
Since facebook has introduced ads on the mobile apps, the share price has picked up again - now better than the starting price for the first time.
He really must be feeling pretty wealthy now. The share price might continue to improve, but it might not, so personally, if I was Tan - God forbid, or I would have to change my lucky colour - I would sell at least half of those shares at the current price.