Video: Facebook Has Just 200 Shareholders, David Kirkpatrick

Facebook is not in a rush to go public and is being careful about financial guidelines which could compel it, says David Kirkpatrick, longtime Fortune writer and author of the just-released,  "The Facebook Effect.."

Keeping the number of shareholders to under 500 is one key regulation and David says in this video interview that Facebook has only 200 "technical" shareholders.

We caught up him last month at the TechCrunch Disrupt conference where he was a speaker.

The book hits bookstores tomorrow.

The New York Times just published a favorable review.

TechCrunch reports on the surging traffic on Facebook.

You can find this post on Beet.TV

 

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Comments

[Faxus]

05:52 PM on 06/10/2010

David Kirkpatrick's picture is on HuffPost every day, how much does that cost?

[jabailo]

04:15 PM on 06/09/2010

So, another Ponzi scheme like Google, Apple, Microsoft...

The stock shoots up, the insiders sell, the pension funds are left holding the bag.

Where's the SEC?

[Richard Barathy]

05:55 PM on 06/09/2010

It's a private company - you know that, right?

[davyd56]

06:31 PM on 06/10/2010

You sound like the sane one here. Fanned.

[JWoode]

12:08 AM on 06/11/2010

they are a private company.. the irony.

[paulbenjouse]

03:14 PM on 06/08/2010

200 shareholders? At least any damage will be limited to this group when FaceBook faces the privacy music.

[dino213aa]

02:28 PM on 06/08/2010

I couldn't imagine investing in a social networking site. Call me skeptical, but I think they will all have the same eventual fate as Myspace. These sites are trendy and once the next fad comes along, Facebook will be toast. Maybe I'm wrong, but history seems to prove otherwise.

[jabailo]

04:16 PM on 06/09/2010

Hint: They have almost no revenue.

[Richard Barathy]

05:56 PM on 06/09/2010

Actually in the hundreds of millions...

[curiousasheck]

01:43 PM on 06/08/2010

And let me guess among the Facebook investor luminaries we might find BP, Halliburton, Citigroup, Goldman-Sachs, the U.S. Government, etc., etc.

[Richard Barathy]

05:56 PM on 06/09/2010

What is the deal with you HuffPost mouthbreathers?