Pacific Leisure Marketing

Archive for the ‘Facebook’ Category

Mark Zuckerberg owns 24% of Facebook, worth $5.3 billion.

The site was started by Mark Zuckerberg when he was an undergraduate student at Harvard and grew rapidly to include hundreds of millions of users.

Last we looked at the private markets where Facebook stock is traded, the company had an implied valuation of well over $22 billion.

That means lots of Facebook employees, ex-employees, investors and other stakeholders are, on paper, wealthy enough that their children and their children’s children will never have to work.

And when Facebook finally IPOs sometime in 2011 or 2012, that paper wealth is going turn into spendable cash.

Hello,  yachts and huge houses.

Accel Partners owns 10% of Facebook, worth $2.2 billion

Digital Sky Technologies owns 10% of Facebook, worth $2.2 billion

Facebook cofounder Dustin Moskovitz, no longer with the company, owns 6%, worth $1.3 billion

Eduardo Saverin, a Facebook cofounder who once sued the company, owns 5%, worth $1.1 billion

Former Facebook president Sean Parker, fired over a drug arrest, owns 4 percent, worth $880 million

Facebook’s first outside investor, Peter Thiel, owns 3%, worth $660 million

SOURCE: www.businessinsider.com

CLICK HERE TO READ THE ARTICLE

Facebook is preparing to celebrate crossing 500 million monthly active users, AllFacebook reports.

Our guess is that Facebook crossed 500 million some time ago, and is just preparing the announcement now in order to bounce bad news out of the press.

(Last week, Facebook told Search Engine Land “the user number milestones we announce publicly do not always correspond to the exact date we reach these milestones.”

“We sometimes hold a growth milestone announcement to correspond with another announcement (such as a product launch), so the number may be significantly higher on the date we actually make the announcement.”

Facebook announced that it had crossed the 400 million user make on February 4.

SOURCE: businessinsider.com
Read more: http://www.businessinsider.com/facebook-reaches-500-million-users-2010-5#ixzz0oi8s3imD