Facebook CEO Mark Zuckerberg still owns 28.4% of Facebook despite the huge amount of money the company has raised, according to the company's S-1 filing.
That amounts to 534 million shares.
If Facebook is worth between $75 billion and $100 billion (we'll call it $87.5 billion), that's worth $24.7 billion.
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His soaring fortune is in part thanks to Facebook'sin 2012. Shares of the $200 billion company have seen a sharp rise in the last year,and in the second quarter of this year.Business Insider's Nicholas Carlson reported earlier this month In July, Facebook announced its second quarter revenues were up 67% from the same quarter during the year before.
Over a five-year time frame, we have a number of services, which we think are well on their way to reaching 1 billion people," he said. "Messenger, WhatsApp, Instagram, and Search are a number of them. And once we get to that scale, then we think that they will start to become meaningful businesses in their own right.
late last year for $3 billion, and this second attempt at a competitor app proves that the company is serious about having an ephemeral messaging app, potentially to help itAfter finally killing off Facebook Poke, its failed attempt at a Snapchat clone , the company is gearing up to release a new ephemeral video-chat app, according to a report from the Financial Times .
The Forbes 400 is out, and Tesla Motors CEO Elon Musk is Number 50 on the list of America's richest people. His net worth is listed by Forbes as $9.2 billion, a far cry from Number One, Microsoft c0-founder Bill Gates at $81.2 billion, or even a cluster of Wal-Mart heirs in the $30-million-plus category. At Number Ten, Facebook CEO Mark Zuckerberg ($34.
Social media giantFacebookdrew ire from some users recently due to its strict real name policy. Some even fled forEllo-- madness!
Now, it looks like Facebook's responding to complaints with a mobile app "that allows users to interact inside of it without having to use their real names.
In San Francisco last week, I met up with an old Facebook source, and we got to talking about who the social network's biggest ad clients are. There is a list of them at the bottom of this story. Facebook's biggest ad clients are one of its most closely guarded secrets. The company makes about $10 billion a year in revenue, almost all of which comes from advertising.
Rumors of some sort of a standalone Facebook phone have existed for years. Facebook's previous attempts at a Facebook-centric phone include the HTC ChaCha, which featured a physical Facebook button for quickly posting to the social network, and the HTC First, which included the Facebook Home operating system, which was really a software "layer" on top of Android.
Not a lot of people get the chance to work directly under billionaire founders and CEOs.That’s why most people take what they see in the press or movies and create their own — often false and distorted — images of what it's like to work with them.Facebook's Mark Zuckerberg, for example was depicted as an arrogant nerd-punk in “The Social Network,” the 2010 film about the founding of Facebook.
Facebook announced this afternoon that it has purchased the video ad tech company LiveRail in a move the company says will make its nascent video ad format more relevant to users. TechCrunch's Josh Constine reports that an unnamed source told him Facebook paid between $400 million and $500 million for the company, but that Facebook refused to confirm those figures.
Health might not be the only thing Facebook is eying for the near future. Facebook's belittled and sometimes even antagonized Messenger app was discovered to have code in place that will let users send money to their friends easily and maybe even without transaction fees.
Instagram began letting companies run ads late last year, despite howls of protest from the photo-sharing app's users. In fact, Instagram and its parent company, Facebook, have been thinking about ways to bring ads to Instagram since 2012 . But nearly two years later, most Instagram users have seen very, very few ads in their photo feeds.
suing Murphy, Spiegel and all their investors A third cofounder who was cut from the company in the early days, Reggie Brown, is currently suing Murphy, Spiegel and all their investors . He named Okuyiga and Dubie during his April 2013 deposition. Both were in the same fraternity as Brown and Spiegel, Kappa Sigma.Dubie is currently an engineer at Dropbox, according to.
Over the last year, Facebook transferred all of Instagram's more than 20 billion photos (yes, including yours) from Amazon's cloud computing service to Facebook's personal data center, Wired reports . Facebook started to move Instagram to its personal data center about a year after acquiring the company in 2012 in a process that it has dubbed the "Instagration.
Mark Zuckerberg and his wife Priscilla Chan will donate $25 million to the Centers for Disease Control Foundation, the Facebook founder announced Tuesday . The Ebola outbreak in West Africa has infected at least 8,000 people and killed more than 4,000, making it by far the worst in history.