View from a Farley

Yay for Mark Zuckerberg, but headlines like this are a bit misleading. Most of Zuckerberg’s wealth is tied up in Facebook stock which he can’t sell easily. Facebook’s current valuation is also inflated because of a few recent investments by venture firms that are willing to pay a premium just to have Facebook stock. If Zuckerberg sold his stock at IPO, it probably wouldn’t fetch the inflated price.