Facebook CEO Mark Zuckerberg blew off a pre-IPO meeting with Wall Street analysts and bankers at the social network’s headquarters on Monday and does not plan to have a hands-on role in selling the stock listing to analysts and others, the Wall Street Journal reported. CFO David Ebersman said Zuck would focus his time on developing the social network’s services rather than play a financial market role. Sheryl Sandberg and Ebersman allowed Wall Street analysts to ask questions they may get from investors as they consider buying Facebook’s stock.
Facebook executives declined to go into detail on how the company plans to “monetize” or reap revenues from its growing user ranks, saying they are still in the early stages and will in effect “figure it out as they go along,” according to one attendee.” – via WSJ