A report by the New York Times undergirds an important aspect of Facebook’s IPO disaster: you can be insanely rich, lose bucketloads of money and still be insanely rich.. Particularly if you’re one of Facebook’s first 250 employees, who share a spot on what’s called the TNR250 (The Nouveau Riche), an illustrious group of rich people who talk about rich people things. You know, rare paintings and stuff, says NYT’s Nick Bilton: “They discuss things they plan to buy when they sell their hundreds of millions of dollars in stock: boats, planes, artwork, even an island. (To be fair, philanthropy is also discussed.)”
I’d like to assume that these meetings take place with everyone dressed in Illuminati-style robes, but we’re still waiting to hear back from Facebook. A lamb is sacrificed. Blood is smeared on a map, and a Facebook engineer proclaims the next public school that will receive free iPads.