We are just a few days away from Christmas holidays. Everybody is busy in buying and giving gifts. Facebook CEO Mark Zuckerberg is no different. Mark Zuckerberg and his wife, Priscilla Chan, has donated nearly $500 million in stock to a Silicon Valley charity as a Christmas gift. This is the largest donation of Mark Zuckerberg to date.
Aaron Greenspan was a collaborator of Mark Zuckerberg when they were studying at Harvard University. Currently, Aaron Greenspan is promoting his recent released book called “Authoritas: One Student’s Harvard Admissions and the Founding of the Facebook Era.” Besides, he released an alleged email and IM conversations that occurred early days of Facebook between Greenspan and Zuckerberg. During the conversations, Zuckerberg said that “but it’s not like i took the idea from you.”
Around two and a half month ago analysts were making predictions that Facebook stock may hit $46 within a year. But the reality seems to be different. Facebook’s stock has fallen 24% as off now, from its IPO valuation. And, due to the stock drop, Facebook CEO Mark Zuckerberg has tumbled from the list of world’s top 40 richest people. And what about all those predictions? Well, they seems bleak.
The biggest story in the tech industry as well as in the financial industry over the last week was Facebook IPO. Facebook has finally gone on the trade floor on 18 May, 2012. Before its final debut in the stock market, Facebook has announced some big acquisitions, opened up an app store, entered in the security software selling business with major companies, revised its user policies and so on. But it was not only the company which was wrapping up everything. The CEO and co-founder Mark Zuckerberg was wrapping up his personal life too.
Facebook is the largest social network online. With the massive increase in the population on mobile platform, the social network has been increasingly popular across this platform and now, finally, Facebook has started to attend to the pressing needs of addressing the mobile platform. Just ahead of its go-public move, Facebook’s CEO Mark Zuckerberg has now announced that mobile apps are his top priority.
Hundreds of thousands of people around the world are in need of donated organs which they can then transplant and lead a healthy life. People are increasingly becoming inclined to donate their organs once they pass away. Now, Facebook’s CEO Mark Zukcerberg has pitched in with his part, announcing that Facebook is getting a new ‘Organ Donor’ option under the Heath & Wellness pane of user profiles to enable users to register for organ donation.
The Institutional Shareholder Services warns about serious ethical issues about Facebook’s policy related to the future stock structure that will allow Mark Zuckerberg to control over 57% of Class B shares. IN May, when the largest social network is set to go public, two types of shares will be available for purchase. Class A stocks, which could be purchased from the open market and that will worth one vote. On the other hand, high profile investors will be able to buy Class B stocks, worth ten votes.
“The internet is the most powerful tool we have for creating a more open and connected world. We can’t let poorly thought out laws get in the way of the internet’s development,” wrote Facebook founder, Mark Zuckerberg, in a post on his favorite social network. “Facebook opposes SOPA and PIPA, and we will continue to oppose any laws that will hurt the internet,” further settled the facts Zuckerberg leaving no room for interpretations.