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).
Facebook Stock Hits New All-Time High Facebook stock topped $45 a share in midday trading Wednesday, surpassing the all-time high it hit briefly on the day of the IPO more than a year ago. The stock's surge comes amid renewed optimism from investors in the social network's ability to monetize, particularly on mobile.
Tyler and Cameron Winklevoss are most famous for controversial role in Facebook's founding story.The pair won a lawsuit against Facebook after stating that Mark Zuckerberg stole the idea for the social network. The lawsuit ended in a settlement which made the twins rich. They were given $20 million in cash and $45 million in Facebook stock, according to The Wall Street Journal. That stock is now worth about $200 million.
Snapchat has reportedly rejected a $3 billion all-cash buyout offer from Facebook founder Mark Zuckerberg.
This is a bold move from both Facebook and Snapchat.
Snapchat is a two-year old app that lets people send photos to friends that vanish 10 seconds or less after they're opened. It has no revenue, but makes up for its lack of revenue with eye-popping growth and engagement numbers.
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.
Facebook is currently valued at $100 billion.When Facebook announced in December that its algorithm change would prioritize "high-quality content," publishers and advertisers waited to see what that actually meant. Well, CEO Mark Zuckerberg confirmed that those surveys in your News Feed may be more important to the company than you think.
Social Insider is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence todayDEEPMIND JOINS GOOGLE SEARCH: Google recently acquired artificial intelligence startup DeepMind for a reported price tag of $400 million.
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.
Mobile applications are successfully peeling off pieces of information that are flowing through the News Feed, which poses a long term threat to Facebook.Yesterday we posted a story about the problems with Facebook's News Feed . In short: There's so much stuff being shared on Facebook that the News Feed is struggling to sort through it all.
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.
One of the stranger mysteries of Facebook's $1 billion acquisition of Instagram is this: Why does Facebook allow Instagram to use Foursquare for photo-location services when Facebook has its own location app, Check In?Facebook and Foursquare are competitors.
"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.
A lot of people scratched their heads when Apple bought Topsy, a social media analytics company, this week. Why would the maker of iPads and iPhones need a small company that culls data from Twitter?The likely answer is that Apple needs help with something that is as old as the Internet itself: search.
One unique thing that Facebook does is something called the Open Compute Project . That's where Facebook builds it own hardware-like computer servers, hard drives and networking equipment that it uses to serve up the Facebook website. Thanks to OCP, Facebook has saved "more than a $1 billion in the last three years," CEO Mark Zuckerberg told attendees of the OCP Summit in San Jose, Calif.