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Posts Tagged ‘Mark Zuckerberg’

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Digital Sky Technologies is seeking to increase its stake in Facebook Inc. through an offer to buy up to $100 million in employee stock.

According to Business Journal
The Russian firm is offering $14.77 a share, which pegs the Palo Alto-based social network’s value at $6.5 billion.

DST took a 1.96 percent stake in Facebook in May when it invested $200 million in the company. The plan to buy employee stock was announced at the time but the valuation placed on Facebook in the May investment was pegged at $10 billion.

The offer on employee stock is is based on a valuation that is also quite a bit lower than the $15 billion put on Facebook when Microsoft Corp. invested $240 million in 2007. Both Microsoft’s and DST’s original investment are in preferred shares.

“While individuals must make their own decisions about participating in this program, I’m pleased that the price DST is offering is much greater than the price originally considered last fall,” Facebook chief executive officer Mark Zuckerberg said in a statement. “This is recognition of Facebook’s growth and progress towards making the world more open and connected.”

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According to reports from Reuters, Rupert Murdoch and News Corp, are in no hurry to let go of Myspace. The group bought the networking site for $580 million in 2005. However it has since then faced strong competition from other networking alternatives such as Facebook and of course twitter which is speedily becoming more popular. The News Corp chief executive has however warned against investing in twitter.

“Be careful of investing here,” he said of Twitter. it seems the site has yet to show serious ways in which it could bring profits for investors.

When speaking on Facebook he stated “Facebook is like a directory, How they make money is another matter.” The opinions of many investors may differ though, as Speculation at the 27th Sun Valley conference were still running rampant over which company might want to buy Twitter.

The service, which lets people post to Web what they are thinking or doing in 140 characters or less, is growing in popularity. While Myspace in recent months has had to cut jobs in both the United States and abroad, it is deemed that figures reaching around 30 per cent of the Myspace international staff have been laid off. Murdoch’s confidence however could prove enough to sustain the venture.

Reported by Michael Adeyemi

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Facebook will be allowing its members to set and adjust their privacy settings for any piece of content they post on the site.

The changes follow the recent announcement of new settings for publishing content that allow you to choose to post items that everyone, not just your friends, can see. Many see both moves in part as Facebook’s attempt to blunt the rapid rise of microblogging service Twitter.

Read more on businessweek

Check on facebook’s Blog for more info

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Now, I’m sure you all know who he is, and if not, im sure you all use the social networking site called facebook, well, he and his buddies created that website.

Let’s look at 5 things you should know about mark

Mark is an American computer programmer and entrepreneur, he is also the CEO of Facebook.

Zuckerberg launched Facebook from his Harvard dorm room on February 4, 2004.

On October 24, 2007, Facebook Inc. sold a 1.6% stake to Microsoft Corp. for $240 million, evaluating facebbok at $15 billion at the time of the sale.

In 2008, Forbes ranked Zuckerberg as the 321st richest person in the United States, with a net worth of $1.5 billion. He is the youngest person ever to appear on the Forbes 400.

Time Magazine added Zuckerberg as one of The World’s Most Influential People of 2008.

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TechCrunch’s Michael Arrington asks the questions:
YouTube CEO Chad Hurley and Facebook CEO Mark Zuckerberg talk about where they see their companies in the next five years, watch out mark’s response, i must say really impressive…i couldnt have said it better, actually i could, but that’s not the point right?? 🙂 thumbs up mark!!!

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Mark Zuckerberg talks about Web 2.0, talking about Facebook Connect, the newest developments in social networking, monetizing social networking and the future of Facebook.

This is some really really good interview, couldnt believe i have missed it for some much, woow, some really good stuff from mark, he can only get better…

MARK ZUCKERBERG SOUNDS LIKE BILL GATES RIGHT???

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