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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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.
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.
Facebook CEO Mark Zuckerberg had a Q&A session last night in which he spoke about Facebook's missing "Dislike" button. We've got the thumbs up, but we don't have the thumbs down. He took a stab at a question about this feature this week because it the Like button is "an important way to sympathize or empathize with someone in an important moment that someone put themselves out there to share.
Bad news for Microsoft's search engine was revealed last week, as Reuters reported that Facebook has stopped showing Bing web results when users conduct a search on the social network. Facebook confirmed the information on Friday, but to add insult to injury the company noted that the deal with Bing had ended some time ago, but nobody really noticed until now.
Facebook's sprawling campus in Palo Alto, California was previously owned by Sun Microsystems. Sun Microsystems was acquired by Oracle in 2009. When Facebook moved into the office, Mark Zuckerberg didn't replace Sun Microsystem's sign. Instead, he flipped it over and put Facebook's name on the front. Why? The Sun logo reminds employees to stay motivated.
A Chinese government news portal released a photo Monday of Facebook founder Mark Zuckerberg with a copy of Chinese President Xi Jinping's book on governance at his desk while hosting an Internet official from the country.
In March, Facebook freaked everybody out by buying Oculus, the makers of the Rift VR device, for $2 billion . As we've reported before , Facebook CEO Mark Zuckerberg said they bought the company because it was a "a new communication platform." At the Paley International Council Summit on Thursday, we learned a little bit more about those plans.
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.
Facebook has stopped including results from Microsoft's Bing search engine on its social networking site. The move, confirmed by a company spokesperson, comes as Facebook has revamped its own search offerings, introducing a tool on Monday that allows users to quickly find past comments and other information posted by their friends on Facebook.
Back in August, Facebook messenger became obligatory. I ran a column called Yes, you DO want Facebook Messenger that many Facebook users were shockingly opposed to. But it's been barely 3 months and Facebook has already announced it: they've reached a tipping point. They already have 500 million users using - not just having downloaded - using Messenger each month.
When Mark Zuckerberg created Facebook about one decade ago, he believed most users would be coming to the site from desktop computers. That all changed in 2012, as the company realized for the first time that more people were visiting Facebook on mobile phones than PCs. From then on, Zuckerberg declared Facebook would be a mobile-first company. And he wanted his employees to internalize that.
Have you ever wanted to ask Facebook CEO Mark Zuckerberg a question? You'll soon get your chance. On Thursday, November 6 at 2 p.m. PT Zuckerberg will be doing a public Q&A, answering questions submitted to him via Facebook. While he hasn't exactly vowed to answer every question posed to him, that's the generally the idea.
"I force a lot of the guys to use low-end phones now," Javier Olivan, Facebook's head of growth, says. "You need to feel the pain."And Facebook employees aren't the only ones getting the terrible-phone treatment.You might not expect to find many flip phones in the high-tech and free-food laden Facebook offices, but your expectations would be wrong.
In December 15 years ago the dotcom crash was a few weeks away. Veterans of that fiasco may notice some familiar warning signs this festive season. Bankers and lawyers are being priced out of office space in downtown San Francisco; all of the space in eight tower blocks being built has been taken by technology firms.
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.
Last summer, an organization led by Facebook fired a huge shot at Cisco . On Thursday, one of Cisco's oldest rivals, Juniper, jumped in to back Facebook in a big way. And the threat to Cisco from Facebook went from huge to enormous. It won't kill Cisco, but it will shake the trees a little bit and force Cisco to make some uncomfortable choices.