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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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.
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.
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.
Remember that scene from The Social Network , when Mark Zuckerberg first meets Sean Parker? And Parker tells him to drop "the" and says $1 billion is cooler than $1 million? It turns out another big-time entrepreneur was present that evening, Business Insider has learned. That person was Uber CEO Travis Kalanick.
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.
Facebook announced Wednesday it will buy messaging app WhatsApp for $19 billion in cash and stock. Facebook says it's buying WhatsApp because the startup has over 450 million active users and is still growing. Both companies say they have similar missions, which is to connect as many people as possible.