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Transcripts For CNBC Squawk Alley 20240714

Were getting closer. It moved up a little since we spoke a few minutes ago, so we reindicated the range, 33 to 36. And its about 10 to 15 million shares in that range that are paring off and it narrowed to 3 from 4. So i think its shaping up and we dont as we said before, we dont know how much is actually going to be sold right now, but 10 to 15 is not a shockingly large number. Its a well, it depends on how you look at it in the context of the number of shares that are eligible to sell, its about, you know, in the 10 range. But thats fairly typical, 10 for an ipo, and this is not an ipo, its a direct listing. Whats amazing to me, it doesnt matter, direct listing, ipo, whatever you want to call it, this year ipos are tending to price toward the high end and open above this is happening here if we take 33 to 36, pick a number 34 if it might open, thats 30 over the Reference Price average ipo in my experience, maybe would open 10 higher on a good day weve seen ipos routinely opening 20 h

Transcripts For CSPAN2 After 20240704

Today. And i really want to start by bringing our viewers back to fall of 2020. What would you release . The facebook of a series of stories that really sparked this this global conversation and about about the company and in how a lot of it a lot of what it was communicating to the public was not how it was working internally. Can you take us back to that moment, those stories and what that was like . Yeah, sure. So, you know, the book came out of initially the documents that were provided to us by francis horgan, a former facebook employee, who in final stint, final months at the company, began talking with the journal and documenting some of the things she was concerned about internally. And she ended up taking more than 20,000 screenshots, lots of internal work product, and that was kind of the basis for the Facebook Files and the stuff covered just kind of a really wide range of how facebook interacted with society from like the special dispensations it gave to powerful individual

Transcripts For CSPAN2 After 20240704

Today. And i really want to start by bringing our viewers back to fall of 2020. What would you release . The facebook of a series of stories that really sparked this this global conversation and about about the company and in how a lot of it a lot of what it was communicating to the public was not how it was working internally. Can you take us back to that moment, those stories and what that was like . Yeah, sure. So, you know, the book came out of initially the documents that were provided to us by francis horgan, a former facebook employee, who in final stint, final months at the company, began talking with the journal and documenting some of the things she was concerned about internally. And she ended up taking more than 20,000 screenshots, lots of internal work product, and that was kind of the basis for the Facebook Files and the stuff covered just kind of a really wide range of how facebook interacted with society from like the special dispensations it gave to powerful individual

Transcripts For CSPAN2 After 20240704

Today. And i really want to start by bringing our viewers back to fall of 2020. What would you release . The facebook of a series of stories that really sparked this this global conversation and about about the company and in how a lot of it a lot of what it was communicating to the public was not how it was working internally. Can you take us back to that moment, those stories and what that was like . Yeah, sure. So, you know, the book came out of initially the documents that were provided to us by francis horgan, a former facebook employee, who in final stint, final months at the company, began talking with the journal and documenting some of the things she was concerned about internally. And she ended up taking more than 20,000 screenshots, lots of internal work product, and that was kind of the basis for the Facebook Files and the stuff covered just kind of a really wide range of how facebook interacted with society from like the special dispensations it gave to powerful individual

Transcripts For CSPAN2 After 20240704

Today. And i really want to start by bringing our viewers back to fall of 2020. What would you release . The facebook of a series of stories that really sparked this this global conversation and about about the company and in how a lot of it a lot of what it was communicating to the public was not how it was working internally. Can you take us back to that moment, those stories and what that was like . Yeah, sure. So, you know, the book came out of initially the documents that were provided to us by francis horgan, a former facebook employee, who in final stint, final months at the company, began talking with the journal and documenting some of the things she was concerned about internally. And she ended up taking more than 20,000 screenshots, lots of internal work product, and that was kind of the basis for the Facebook Files and the stuff covered just kind of a really wide range of how facebook interacted with society from like the special dispensations it gave to powerful individual

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