Items tagged with Mark Zuckerberg

Mark Zuckerberg and his wife Priscilla Chan plan to donate 99 percent of their Facebook shares currently worth around $45 billion to charitable causes during their lifetime. The couple unveiled the plan in an open letter to their newborn daughter, Max, with a promise to offer more details after they return from paternity and maternity leave. By committing to donate their massive fortune, the Zuckerbergs join a small but growing list of billionaires who have pledged to leave their assets and wealth to philanthropic causes. That includes Bill Gates, who along with his wife Melinda started The Bill & Melinda Gates Foundation, Warren Buffet, and Oracle co-founder Larry Ellison. The Zuckerbergs... Read more...
In what Mark Zuckerberg described as a "good quarter," Facebook reported $4.5 billion in revenue during the three month period leading up to September 30, 2015, up from $3.2 billion in the same quarter a year prior. That's a hefty jump and it led to the world's largest social playground posting a profit of $896 million, up from $806 million a year ago. "We had a good quarter and got a lot done," said Mark Zuckerberg, Facebook founder and CEO. Some would call that an excellent quarter, one that was propped up by advertising dollars. Almost all of the revenue Facebook generated came from ads -- just shy of $4.3 billion. That represents an impressive 45 percent year-over-year jump from the $2.96... Read more...
Have you heard the one about an enterprising high school student who built a clock from scratch, took it to school to show his teachers, and was subsequently arrested? Neither had we until it happened to Ahmed Mohamed, a 14-year-old freshman at MacArthur High School in Irving, Texas, who was put in handcuffs by local authorities. Mohamed is a maker and an inventor. He'd love to be on Shark Tank, a show where budding entrepreneurs show off their inventions to a panel of "sharks" in hopes of securing a high profile and wealthy investor to back their company or product. But instead of encouraging his curiosity, Mohamed's teachers had the student arrested and suspended him from school for three days.President... Read more...
A million users isn't cool. You know what's cool? A billion users...in a single day! That's the milestone Mark Zuckerberg's social network passed for the first time ever on Monday, and not that it needs put into perspective, but that works out to one in seven people on this planet we call Earth using Facebook. Zuckerberg made the announcement on his personal Facebook page, though he didn't provide fine grain details such as how many of those visits were from fake profiles. Fake or incorrectly created profiles (personal profiles that should have been created as Pages) have been a nuisance for the world's largest social network. "When we talk about our financials, we use average numbers, but this... Read more...
Facebook co-founder Mark Zuckerberg isn't a stranger to question and answer sessions, including those conducted in-house at Facebook. And though it's become a bit of a tradition to have those kinds of meetings internally, never before has he engaged in an open Q&A session on his home turf -- until now, that is. Zuckerberg spent over an hour addressing questions received from around the world, as well as by several Facebook users who attended the event at the company's headquarters in Menlo Park, California. The topics were varied, some inevitably more interesting than the others, such as why Facebook made the decision to force its users to install the Messenger app. "Messaging is one of the... Read more...
The tech industry is constantly evolving and technology is becoming a larger portion of our lives than ever before. To that end, Facebook ceo Mark Zuckerberg is encouraging students to get into tech and coding as the company is looking to attract young techies and hire them to work for the company. On Thursday at Redwood City’s Sequoia High School, Zuckerberg told students that developing an understanding of technology and computers “is going to be really critical to having a lot of options and doing what you want.” He continued, “If you start with the assumption that everything in the future is going to be different than it is now, then it's not true that anyone else... Read more...
Facebook seems to be prepared to spend billions in order to reach its goal of providing everyone with access to the Internet, according to Facebook chief executive Mark Zuckerberg. Speaking at an event in Mexico City, which was hosted by Mexican billionaire Carlos Slim, Zuckerberg said, “What we really care about is connecting everyone in the world. Even if it means that Facebook has to spend billions of dollars over the next decade making this happen, I believe that over the long term its gonna be a good thing for us and for the world.” Back in August 2013, Facebook and six mobile phone companies launched Internet.org, a project with the goal to bring affordable internet access to... Read more...
Ever since Facebook acquired Oculus VR for $2 billion earlier this year, it seems like a fire has been lit under the team developing the Oculus Rift. The number of team members has increased, there are rumors that Oculus VR is making its own controllers, and a first-party content team was created. Now Facebook is talking to Hollywood about the creation of content for the Oculus Rift according to The Information. It seems that studios have already been approached, such as Disney, Fox, Warner Bros., and Paramount, in addition to individual directors, about including an Oculus experience that could act as a film companion or to create full-length features for the Oculus Rift. However, creating film... Read more...
Long before Facebook was $190 billion company (in terms of market capitalization), Mark Zuckerberg used to lord over his employees with an unusual style. How unusual? Well, have you ever been fake-threatened with a samurai sword if you didn't hit a deadline? Former Facebook engineer Noah Kagan claims that was one just one of Zuckerberg's unique ways of motivating employees during his early days. Kagan, who was the 30th employee at Facebook and now runs SumoMe, recounts some interesting tidbits about his time at the social network in an e-book titled, "How I Lost $170 Million: MY TIME as #30 AT FACEBOOK" (PDF). He recalls how Zuckerberg would mock-threaten to chop someone's head off for "bad work."... Read more...
Facebook has a billion users, but its sights are set squarely on the next billion--or several billion--in developing nations. Sure, some of that drive represents a desire for profits, but Mark Zuckerberg also appears to genuinely believe that Internet access is a human right. In any case, he wants everyone to have Internet access, and he wants everyone to use Facebook, and the company has streamlined its product to work better in nations where Internet speeds are relatively slow. Facebook sent a team to Africa to test out the mobile Facebook experience, and their findings prompted them to action. “We purchased several different Android handsets to test the latest version of the Facebook... Read more...
If the world came to end tomorrow because of a nuclear war, all that would remain are cockroaches and Facebook phone rumors. Lighting up more speculation on the latter, Facebook has started inviting members of the press to an event at its headquarters on April 4. It's headlined, "Come See Our New Home On Android." That doesn't necessarily mean a smartphone is in the works -- especially after Mark Zuckerberg recently went on record saying he has no interest in building such a device -- but according to TechCrunch's un-named sources, that's going to be the big reveal. Well, sort of. The sources say Facebook will unveil a modified version of Android with native Facebook functionality on the homescreen,... Read more...
Mark Zuckerberg may not have the business savvy to propel Facebook's stock to soaring new heights (or even back up to its IPO price), but be that as it may, he ranked No. 1 on Glassdoor's list of the "Highest Rated CEOs" for 2013. The career's site gave Zuckerberg a 99 percent approval rating, but what does that mean? It means his employees like him. A lot. Glassdoor's rankings are based on feedback from employee reviews over the past 12 months. "CEO approval ratings are calculated similar to Presidential approval ratings; employees are asked: "Do you approve or disapprove of the way your CEO is leading the company?," Glassdoor explains. It's essentially a pass or fail system, and the vast majority... Read more...
If you've been holding your breath for confirmation of a Facebook Phone, go ahead and exhale, lest you turn blue in the face. The cold, hard truth (for social networking junkies) is that no such device is imminent. Furthermore, Mark Zuckerberg doesn't even seem interested in entertaining the idea in the near future, if ever. "We're not going to build a phone," Zuckerberg said during Facebook's earnings call on Wednesday, CNet reports. "It's not the right strategy for us to build one integrated system. Let's say we sell 10 million units -- that would be 1 percent of users. Who cares for us?" That's about as blunt as it gets, and it comes at a time when rumors of a Facebook brand smartphone seem... Read more...
It's easy to be cynical in this business when you see millions and even billions of dollars exchanging hands, and Mark Zuckerberg has certainly received his fair share of criticism. In the grand scheme of things, is Facebook really worth over $60 billion, as its market capitalization suggests? Probably not, but let's not overlook the fact that charities benefit from these massive companies as well. Bill Gates is a big philanthropist, and despite what you may think of him from the way he was portrayed in The Social Network, so is Mr. Zuckerberg. There's no punchline, but there is respect for Mark and his wife Priscilla, who just donated 18 million Facebook shares to the Silicon Valley Community... Read more...
In a roundabout sort of way, Facebook tattled on itself earlier in the summer when, in a filing with the Securities and Exchange Commission (SEC), it fessed up to the fact that nearly 9 percent of the social networking site's accounts are fake, bogus, the unreal McCoy. Or, as Facebook labeled them, "undesirable" or "false" accounts, which are those that belong to spammers or "where users have created personal profiles for a business, organization, or non-human entity such as a pet." Let the clean-up act begin. As promised, Facebook has started deleting fake accounts and Page Likes. In a Facebook Security blog post last month, the site said it would soon be purging certain accounts and Likes in... Read more...
Facebook founder Mark Zuckerberg isn't about to go stand in a soup line or hover on a street corner with a cardboard sign that reads, "Will write code for food," but among an elite class of tech billionaires, he now finds himself on the outside looking in. Well, sort of. As shares of Facebook continue to fall, so too does Zuckerberg's fortune. Four days ago, Facebook's stock fell to $20.04 (it's currently at $21.86, and dropping), bringing Zuckerberg's worth down to $10.2 billion. That kicked him out of a list of the world's ten richest tech billionaires, sliding him into 11th place behind James Goodnight, co-founder of SAS Institute Inc., who ranks No. 10 and is worth $10.6 billion. Zuckerberg's... Read more...
Life is good for Mark Zuckerberg, the main face and primary co-founder of Facebook, the largest social networking site on the planet. Zuckerberg celebrated his 28th birthday on Monday, became a billionaire when Facebook became a publicly traded company on Friday, and then a day later tied the knot with Priscilla Chan, his sweetheart of almost 10 years. According to an Associated Press report, Zuckerberg and Chan were wed at his home in Palo Alto, California, in front of less than 100 guests who had no idea they were attending a wedding. Instead, they had gathered at Zuckerberg's home to celebrate Chan's graduation from the University of California, San Francisco School of Medicine. She studied... Read more...
The folks at NMA (Next Media Animation) News have done it again, with another animated parody using their normal animation style. Their latest subject is the set of new developments in the Paul Ceglia and Facebook / Mark Zuckerberg dust-up. Ceglia sued Zuckerberg in July of 2010. He claimed that in 2003, Zuckerberg had agreed to give him a 50 percent ownership in the project that became Facebook [Ceglia and the Winklevoss twins should talk; this may end up being "The Social Network 2"]. Ceglia also said that due to a provision in the deal, Ceglia "would acquire an additional 1 percent interest in the business, per day, until the website was completed." The suit said that by February 4, 2004,... Read more...
The hits just keep on coming for Facebook CEO Mark Zuckerberg. Being named Time's Person of the Year is one thing, but securing $500 million in funds from Goldman Sachs and Digital Sky Technologies, is definitely another. The New York Times reported the deal on Sunday. Goldman Sachs invested $450 million and Digital Sky Technologies, a Russian investment firm which already has a $200 million stake in Facebook, invested $50 million in a deal valuing Facebook at some $50 billion. That valuation means that Digital Sky Technologies has seen its initial investment in Facebook, made at a valuation of $10 billion, increase fivefold. Goldman has the right to sell part of its stake, up to $75 million,... Read more...
Mark Zuckerberg is 23 years old. He founded the social networking site Facebook while he was still in college. He's made the mistake most bright people make when one of their notions becomes wildly popular overnight: He's thinks it has nothing to do with luck, or being in the right place at the right time.  Unchastened by his foolhardy foray into Big Brother spying on his customers with the Beacon widget, he continues to behave like what he is:  an inexperienced businessman in charge of a suddenly prominent business.Want to know about how privately held Facebook is doing from a financial point of view? Well, just ask Mark Zuckerberg!This afternoon, at an all-hands meeting held in a... Read more...
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