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[27 Oct 2014 | No Comment | ]

China may ban Facebook, but not its co-founder Mark Zuckerberg, and he entertained an audience of students in Beijing with a 30-minute chat in his recently learned Mandarin Chinese.
There was no explicit discussion of the ban or any Facebook effort to enter the China market during Wednesday’s question-and-answer session at the prestigious Tsinghua University. But Facebook CEO Zuckerberg noted during his talk that the social media giant already helps some Chinese companies in foreign markets. He cited computer maker Lenovo’s ads on Facebook in India.
“We are already in China. …

Money Matters »

[10 Aug 2014 | No Comment | ]

MARK Zuckerberg has just added more moolah to his enormous stash of cash.
Or sort of cash. Facebook stock has jumped to record highs after the social network reported strong earnings results.
The shares closed up 5.2 per cent on Thursday at $A79.59, well above the record of $76.45 on March 10. The rise lifted Facebook’s market value to some $205.57 billion. After 10 years in operation, Facebook is now worth more than Coca-Cola, a company that has been around since 1886.
What this means is Zuckerberg, with his more than 400 million …

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[18 Apr 2013 | No Comment | ]

Facebook CEO Mark Zuckerberg and other Silicon Valley leaders have launched a political group aimed at changing immigration policy, boosting education and encouraging investment in scientific research.
Zuckerberg announced the formation of Fwd.us (pronounced “forward us”) in an op-ed article in The Washington Post. In it, he said the U.S. needs a new approach to these issues if it is to get ahead economically. This includes offering a path to citizenship for the 11 million or so immigrants who now live in the U.S. illegally.
“We have a strange immigration policy for …

Business News & Advice »

[20 Mar 2013 | No Comment | ]

Facebook has redesigned the main attraction of its social network to address complaints that its website has turned into a jumble of monotonous musings and random photos.
In an attempt to breathe new life into Facebook’s News Feed, the company will introduce new controls that allow people to sort streams of photos and other material into organized sections.
With the makeover unveiled Thursday, Facebook CEO Mark Zuckerberg hopes to turn the News Feed into something more like a newspaper tailored to the particular interests for each of the social network’s more than …

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[24 Dec 2012 | No Comment | ]

Facebook CEO Mark Zuckerberg said he is donating nearly $US500 million in stock to a Silicon Valley charity with the aim of funding health and education issues.
Zuckerberg donated 18 million Facebook shares, valued at $US498.8 million based on their Tuesday closing price. The beneficiary is the Silicon Valley Community Foundation, a nonprofit that works with donors to allocate their gifts.
This is Zuckerberg’s largest donation to date. He pledged $US100 million in Facebook stock to Newark, New Jersey, public schools in 2010, before his company went public earlier this year. Later …

Headline »

[10 Oct 2012 | No Comment | ]

Facebook on Thursday celebrated eclipsing the billion-member mark, touting its mission to make the world more social while investors wondered how the service would cash in on its popularity.
Co-founder and chief executive Mark Zuckerberg announced that more than a seventh of the planet’s population resided virtually at Facebook, saying the accomplishment was “humbling.”
“Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life,” Zuckerberg said.
Estranged Facebook co-founder Eduardo Saverin weighed in on his feed at the social network, writing “Congrats …

Business News & Advice »

[7 Sep 2012 | No Comment | ]

Facebook shares got a nearly five per cent boost Wednesday after co-founder Mark Zuckerberg pledged to not sell any of his shares for another year.
After sinking to a new low on Tuesday of $US17.55 – less than half the May IPO price of $US38 – Facebook rebounded after a new company filing with the Securities and Exchange Commission said Zuckerberg would not sell any of his 500 million shares at least for another year.
The company also got help as broker Jefferies rated the stock a buy and set a $US30 …

Headline »

[4 May 2012 | No Comment | ]

Facebook’s initial public offering will cement the status of 27-year-old Mark Zuckerberg as one of the world’s richest men and put his social network among the highest-valued companies in the US.
Facebook is offering about 337.4 million shares for $US28 to $US35 each, according to a regulatory filing yesterday.
At the upper end of that range, the co-founder’s stake would be $US17.6 billion ($17.15 billion), making him richer than Microsoft’s Steve Ballmer and Russian steel billionaire Vladimir Lisin, who are both twice his age, according to the Bloomberg Billionaires Index.
Zuckerberg, who began …

Career News & Advice »

[13 Apr 2012 | No Comment | ]

When Justin Bassett interviewed for a new job, he expected the usual questions about experience and references. So he was astonished when the interviewer asked for something else: his Facebook username and password.
Bassett, a New York City statistician, had just finished answering a few character questions when the interviewer turned to her computer to search for his Facebook page. But she couldn’t see his private profile. She turned back and asked him to hand over his login information.
Bassett refused and withdrew his application, saying he didn’t want to work for …

Money Matters »

[16 Feb 2012 | No Comment | ]

Facebook’s privately traded shares have risen 10 per cent since the dominant social network filed for an initial public offering, pushing its market value past $US100 billion, according to SharesPost.
SharesPost managed the auction of 150,000 shares of Facebook’s Class B common stock at a clearing price of $US44, compared with $US40 February 2, according to a statement from the private-stock marketplace yesterday.
That values Facebook at $US102.6 billion ($US95 billiion) based on an estimated 2.33 billion shares, including stock tied to options that may be issued later.
That valuation would place Facebook …