Thursday, August 30, 2012

The New Harvard Looters

One for the record books, welcomed with open arms by Switzerand .
NEW YORK (AP) -- Facebook co-founder Dustin Moskovitz is shedding another 450,000 company shares for a take of about $8.7 million.

Moskovitz has been selling 150,000 shares a day and disclosing the sales every three days. Including the most recent sale, he still holds more than 130 million shares.

The latest filing, made late Wednesday, covered sales from Monday to Wednesday. He sold shares at prices ranging from $19 to $19.49.
Harvard roommates Mark Zuckerberg and Dustin Moskovitz  seem to be the only known people on earth  not losing money on Facebook.
Maybe that was their plan from the start... build up Facebook, go public with it, and then sell off their shares, literally becoming the only multi-millionaires from the whole thing. After selling off enough of their stock to collapse the price, they may well buy back those stocks and millions more... if cheap enough
Judging from what's happening, what other explanation is there? 
Is this what they're teaching in Harvard now? Are Zuckerberg and Moskovitz showing us what to expect from present and future Harvard graduates?
Remember that Zuckerberg renounced his Americn citizenship and became a Swiss citizen, just before becoming one of the richest men the world.
He said it's because he loves yodeling,  as well as his fondness for chocolate and lederhosen, not because of all the taxes he would have to pay,
Well, or course. Lederhosen is enough to make anyone give up his American citizenship.
Say goodbye to two of the worst and greatest scumbags in the history of the world. He - and his Harvard buddy - intentionally or not - have done more damage to America than Hilter ever dreamed of.
Everything these two have done and are doing is legal. Doesn't mean they will always be protected from a lynch mob.
This Facebbok debacle is just another hard lesson in how the government can't protect any of us from everything, and that is is still "buyer beware".
However,  I'm positive that Zucherberg was convinced that it is the Swiss government - rather than the Americn government - that would be able to protect him. Particularily if he stays in Switzerland.
We'll see.  

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