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NEWS > TECHNOLOGY > RANDI ZUCKERBERG LOSES STOCK OPTIONS AFTER LEAVING FACEBOOK
RANDI ZUCKERBERG LOSES STOCK OPTIONS AFTER LEAVING FACEBOOK
August 7 2011
Menlo Park, CA – As if he didn’t already have enough problems, now Mark Zuckerberg has lost a key member of his team at Facebook. Though it’s difficult to feel too badly for a 27-year old billionaire, the non-stop onslaught of lawsuits and 
personal attacks have certainly made him a slightly sympathetic character. Now, with the departure of his sister Randi, that humanity may be even more potent.
Randi Zuckerberg, 29, has been a part of the company almost from the beginning but now, with millions of dollars in her pockets, she has left to set up her own, potentially competitive, internet business. Thus far, the details of the new company have not been made public, though it is believed to be a social media company, but already the rift has started to form. Zuckerberg has apparently lost the majority of value in her stock options with Facebook immediately after handing in her resignation.
Of course losing stock options is nothing new when leaving a company but, given her relationship to the boss, few expected that the elder Zuckerberg would be treated so roughly. Nonetheless, Randi is out of Facebook and apparently out of stock options just like so many before her.
“Mark doesn’t like that she left, obviously, and he decided to teach her a lesson. She is his sister and so there is always an opportunity to reconcile, but right now that just
isn’t going to happen. Mark is mad and he decided to make her pay,” said a Facebook insider. “Mark is a big fan of loyalty and when someone betrays that loyalty he really feels he has no option but to make them pay and that is what is happening with Randi.”
It’s not clear what value Randi’s current stocks retain.
“It doesn’t really matter that she left to set up a rival company, put bluntly. If she left to set up a frozen banana stand the result would be the same. People don’t leave Mark, people don’t question Mark. They are either loyal or they are out. Randi has learned that the hard way,” continued the insider. “I’d imagine that he left her with a little bit, both for legal reasons and just as a kind of spit in the face, a reminder of what she could have had. The bulk will be gone though. You just don’t do Mark that way and she should have known that better than anyone.”
Randi’s new venture has no products, employees, no corporate headquarters, and thus no revenue.
“She’s going to have to be careful with the new company though. I think things will get really heated if she steps into Mark’s circle. It’s one thing for her to leave but if she actually starts to compete then it is something else entirely. I’m sure Mark will use all of his resources to deal with that and she won’t like the end results, there are plenty of people who can attest to that,” continued the insider. “She has to tread lightly. Mark leaves a big footprint in this town and everyone knows what it means to cross him. It doesn’t matter that they share the same blood, he will spill it without a second thought. Good luck to Randi, but I won’t be joining her that’s for sure.”
We attempted to contact our insider for follow-up but Facbook claims he is currently working in the Siberian Facebook headquarters.
Martin Philton, Technology Correspondent
NEWS > TECHNOLOGY > RANDI ZUCKERBERG LOSES STOCK OPTIONS AFTER LEAVING FACEBOOK
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