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.
Just one day after the launch of Facebook in the stock market, the company co-founder Mark Zuckerberg has married his longtime girlfriend Priscilla Chan. The ceremony was held in Zuckerberg’s Palo Alto, California home, infront of 100 guests. The couple has reportedly updated their Facebook profiles to ‘married’ on Saturday.
Just one day before that, on the day of Facebook’s debut in the stock market, it announced the acquisition of mobile gift giving app Karma. The announcement came after the closing of stock market on Friday. This was part of Facebook’s stance on revamping mobile users.
If you think, the drama ends here then you are wrong. Just the day before Facebook’s IPO, on 17 May, 2012, the company was sued for $15 billion in an amended complaint by some subscribers on the ground that the company has invaded their privacy. The complaint was filed in the federal court of San Jose, California and the plaintiffs claimed that Facebook illegally tracked their internet activity even when they were logged out of the service. Could be major ache for Facebook if the complaint holds ground.
An eventful week for the new billionaires – both Zuckerberg and his company. Scholars were right about one thing after all- when money comes rolling in happiness and grief also come hand in hand.