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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Facebook is now 10 years old. Facebook's stock hit a new high today of $61 per share. At $61 a share, Facebook is worth $150 billion. Facebook has likely reached the $150 billion mark faster than any company in history. (A couple of companies may have done this in the dotcom boom, but they weren't worth that much for long).
SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard University dorm room. The windfall saddled Zuckerberg with a huge tax bill, even though he limited his Facebook salary to just $1, according to regulatory documents filed Monday.
Mark Zuckerberg is following up hisWhatsapp buywith another big acquisition: virtual reality companyOculus VR for $2 billion in stock and cash(curiously, news of the talks may have leaked on Reddita month ago). In apost on Facebook, Zuckerberg talks at length about how Facebook plans to make Oculus a platform for "completely new kinds of experiences," and gaming is only the first one.
Those startups don't need a billion users today to keep growing until they can start taking ad dollars away from Facebook.One thing Silicon Valley industry insiders like to knowingly whisper to each other is that Facebook is the new Yahoo. Sunday, we reported a piece of news that indicates this may be true. This winter, Facebook halted the rollout of a beautiful redesign.
Forbes just released its annual billionaires list , which highlights the richest people all around the world. This year, WhatsApp co-founders Jan Koum and Brian Acton made the cut. But with net worths of $6.8 billion and $3 billion, respectively, they're not even close to the richest people in tech. Here are the top 15 richest tech billionaires in the world: Net Worth: $76 billion 2.
On Wednesday Facebook announced that it acquired WhatsApp for $19 billion. It was a deal two years in the making, according to a source close to the situation. Facebook CEO Mark Zuckerberg first called Whatsapp CEO Jan Koum in the spring of 2012. A month after the call, the two went out for coffee in Los Altos. They went on a hike. Despite Zuckerberg's wooing, the deal didn't happen.
In one way, it's weird that Facebook just agreed to pay $19 billion for WhatsApp . The messaging app — which allows people to send texts, audio and video — does pretty much the same kinds of things that you can already do on Facebook.
Instagram has doubled its user base in the last year, according to Facebook CFO David Ebersman, speaking on the company's earnings call Although Ebersman didn't provide any numbers, it reportedly had 90 million monthly active users back in January 2013. We can estimate that Instagram now has about 180 million monthly active users.
Facebook's $2 billion acquisition of virtual headset maker Oculus VR wasn't the most far-out thing that CEO Mark Zuckerberg bought this week. He also bought a tiny U.K. aerospace company , Ascenta, that makes solar-powered drones. He reportedly paid $20 million for Ascenta, according to Bloomberg's Sarah Frier.
According to a regulatory filing that has just surfaced over at the SEC's website and an official statement from the social network, Facebook is acquiring the popular messaging service WhatsApp for $4 billion in cash, $12 billion in shares, as well as $3 billion in restricted stock units that will go to WhatsApp's founders and employees.
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 .
If you're reading this, you're likely already aware that social networking juggernaut Facebook has just announced plans for yet another multi-billion dollar acquisition. This time it'sspending $2 billiondollars (that's $17 billion less thanWhatsAppfor those keeping track) to buy virtual reality headset maker Oculus.
Facebook is buying Oculus VR, a startup that makes virtual reality headsets, in a $2 billion deal. Oculus doesn't make a consumer product yet, but its headset called the Oculus Rift for video game developers has completely changed the way many feel about video games. The device is nearly impossible to describe. It makes you feel like you're truly immersed in a virtual environment.
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.
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.
"more than a $1 billion in the last three years," according to CEO Mark Zuckerberg.Of course, Blu-ray does have a few disadvantages as well. Chief among them is access speed. That's why Facebook plans to eventually to eventually move to low-power flash storage, like that in your phone or tablet.
Social Insider is delivered first thing every morning exclusively to BI Intelligence subscribers.WHAT'S NEXT FOR FACEBOOK? Listening to Facebook executives on yesterday's earnings call announcing fourth quarter results, two clear themes emerged: personalization, and global expansion. Let's take the latter first. Facebook executives announced 1.