Comment Re:What are you smoking? (Score 1) 268
Quite.
Facebook received its first investment of US$500,000 in June 2004 from PayPal co-founder Peter Thiel. This was followed a year later by $12.7 million in venture capital from Accel Partners, and then $27.5 million more from Greylock Partners...On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million...In November 2007, Hong Kong billionaire Li Ka-shing invested $60 million in Facebook...In August 2008, BusinessWeek reported that private sales by employees, as well as purchases by venture capital firms, had and were being done at share prices that put the company's total valuation at between $3.75 billion and $5 billion
So an individual that has sold large amounts of equity in his private business to outfits like PayPal, Microsoft, Accel and Li Ka-shing (hey now that's a good name for a bulti-billionaire) etc. has not sold out?
We must have a very different understanding of the expression.
I'm not even mentioning the questionable privacy policies, ethics and activities of the company itself - everybody else seems to have that very well covered already.