Someone has taken an ad out in The Wall Street Journal to demand that Facebook Inc (NASDAQ:FB), which just went public in May, give some cash back to investors through either a share buyback or a dividend. Needless to say, that’s a crazy idea at this stage of the game for Facebook.
Facebook Inc (NASDAQ:FB) apparently has some very interesting investors, to say the least. One of them took out a quarter-page ad in The Wall Street Journal to demand that the company either begin a share repurchasing program or offer a dividend.
Of course at this point in the company’s public existence, that’s just plain nuts. The company just got that money from investors. It needs some time to do something with those investment dollars before it can or even should start giving them back.
Facebook Inc (NASDAQ:FB)’s initial public offering was last May, so the company hasn’t even been public a year yet. Nonetheless, a letter with the name G. Ethan Feldman (with a whole alphabet of letters, including MD, MBA, and others following it) was published as an ad in The Wall Street Journal.
Surya Yalamanchili tweeted a photo of the ad that appeared in the publication.
As you can see, in addition to the crazy request for either a share repurchase or a dividend, the grammar in that ad is quite poor. It’s actually kind of hard to read, and it’s not because the person used investor-ese. It’s just plain, old poor grammar. One would question whether the person knew anything about investing at all. Or maybe he / she does, and this is a prank on Facebook Inc (NASDAQ:FB). Let’s hope so, anyway.
The person even gave an email address for comments about the letter: firstname.lastname@example.org. We haven’t tried emailing that account to see if it’s real, but the ad itself is certainly worth a few laughs. I wonder if Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg is laughing too, as the letter is directed specifically at her.
The Next Web’s Alex Wilhelm’s post about the ad is also hilarious and definitely worth a read while you’re at it.