Confidence in Mark Zuckerberg's ability to navigate his social networking ship through rough financial waters is beginning to waver. Investors reacted negatively to Facebook's second quarter financial report, sending shares of the social network down almost 15 percent in after market trading, after it had already dipped 8 percent during regular trading hours on Thursday.
Facebook co-founder Mark Zuckerberg tied the knot over the weekend, marrying his sweetheart of more than 9 years, and hopefully his marriage doesn't sputter the way Facebook's initial public offering (IPO) has. On just its second day of trading, the world's largest social playground saw its shares dip below its IPO price of $38 on Monday, a bad sign for those who thought pouring a ton of money into Facebook at the outset would lead to easy riches.
For a period of time yesterday, Facebook's value topped $102 billion when 150,000 of the company's Class B common stock traded at $44 each in a private auction hosted by SharesPost. As of this morning, Facebook shares are trading at $42 each in the private market, valuing the social networking site at a slightly less obscene $97.9 billion.
Most people make it a point to avoid places they or their loved ones aren't welcome, so the fact that Mark Zuckerberg chose Vietnam as the destination for his holiday getaway indicates that perhaps the trip was at least partially diplomatic. Officially, Zuckerberg, along with his girlfriend and a few friends, spent time in Hanoi simply for pleasure and not for business, but there are plenty of other places he and his entourage could have visited, ones where his social networking site is welcome with open arms.
An Israeli entrepenuer formerly known as Rotem Guez has employed the unusual tactic of legally changing his name to dodge a lawsuit. His new name? Mark Zuckerberg, the same as the co-founder and CEO of Facebook. He changed his name after receiving a cease and desist order from Facebook over his Like Store, which sells advertisers "Likes" for their pages.
For a few hours today, Facebook users were able to snoop around in other users’ private photos thanks to a flaw in the Facebook code. Interestingly, the issue was present in the abuse reporting tool. The flaw did not expose all a user’s photos, but several choice snapshots could be harvested with the hack. Facebook patched the exploit, but not until the Internets snatched some of Zuckerberg’s personal photos.
There's no question Facebook will fetch a ton of cash if it's thrust upon the stock market, you can be as sure about that as anything else in this world. But can it fetch $10 billion? According to at least one report, that's how much Mark Zuckerberg and company hope to raise when Facebook goes public next year. If an initial public offering (IPO) brings in that kind of cash, it will ultimately value Facebook at more than $100 billion.
Facebook has given its users plenty to rage about the over years, from bungled privacy settings to a constant repainting of the social network's canvas. But one thing you can't fault Facebook for is charging subscription fees. Contrary to rumors, Mark Zuckerberg isn't planning to roll out tiered subscription plans, no matter how many people on your Friends list post otherwise.
Every hero is a villain, every villain a hero. Truth is that even the greatest people in history had at least a hint of the dark side within them.
Today we look at an assortment of men inside—or merely tied to—the tech industry. Some are merely controversial, others are clearly of the bad seed variety. But do they deserve their status? How evil are they?
We come to conclusions, from Assange to Zuckerberg. Come along for the ride.
When New York resident Paul Ceglia made the shocking claim last year that he owned half of Facebook, there was a palpable mixture interest and disbelief on the Internet. After some legal wrangling, Facebook has now said they have the “smoking gun” proving that Ceglia fabricated the claims. As for what it is, Facebook isn’t saying.