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.
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.
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.
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.
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.
One of the most fascinating parts of watching Facebook grow beyond a million users is seeing how it has changed CEO Mark Zuckerberg's thinking about the population of the planet Earth. In the beginning, Facebook simply connected college kids on campuses. The "population" was small and consisted of people like Zuckerberg himself, who famously didn't graduate from Harvard.
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.