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.
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 .
Facebook CEO Mark Zuckerberg gave a rare one-on-one Q&A to Farhad Manjoo of the New York Times. What's most interesting about it is the way it shows Zuckerberg's thinking evolving over time. For most of us, Facebook has had only two phases: 1) The desktop phase, when college students looked at Facebook on their laptops and work computers.
than we were actually improving our speed," he said. "'Move Fast With Stable Infra'...it might not have quite the same ring to it, but it helps us build better experiences."With Facebook's new anonymous login, the user gets to control how much data — if any — gets shared with the app developer.Notice that Facebook is not offering an anonymous option for Facebook accounts.
Right now when you log into an app with Facebook, the app developer collects a bunch of information about you. If you don't trust the app or you're afraid of spam, it may deter you from using the app or connecting it to your Facebook account.With Facebook's new anonymous login, the user gets to control how much data — if any — gets shared with the app developer.
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.
Facebook will give app developers $30,000-worth of free services and support to anyone who wants to build an app . The initiative was announced at Facebook's F8 conference for developers. Facebook is making a huge push to take over the mobile app business from the ground up. Facebook owns a company called Parse, which provides back-end services for app developers.
Billionaire philanthropist Marc Benioff, CEO of Salesforce.com, has some sharp things to say about the $1 billion donation to charity Mark Zuckerberg made last year. Zuckerberg, Facebook's co-founder and CEO, gave $1 billion worth of stock to the Silicon Valley Community Foundation in December.
that the social network plans to spend more time making sure its future products and features are stable and bug-free.If you're a developer, this is important. You can't build on a buggy platform.At this year's F8 developer's conference, Mark Zuckerberg jokingly rolled out a new motto for Facebook: "Move Fast With Stable Infra." In the past, Facebook's motto was "Move Fast, Break Things.
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.
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.
An Oculus Rift virtual reality headset for consumers could go on sale next year, a company representative told Business Insider at Facebook's F8 developer conference today. Management at Oculus VR, the Irvine, Calif.
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.
Thanks to the buzz surrounding anonymity apps like Secret, Whisper and Yik Yak, Facebook could be working on a Secret-like app of its own, reports Re/code's Mike Isaac. Facebook has even contacted Secret about the idea, sources told Isaac, though this was not said to be an acquisition talk. Both Facebook and Secret declined to comment to Isaac on such a conversation.
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.
Today, Facebook launches a new function for its Android and iPhone apps called " Nearby Friends," which allows users to track each others' locations continuously down to the nearest half mile or — if you choose — as near to your precise location as possible. Yes, it's optional. By default the new feature is turned off. You must choose to activate it.
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.