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Money Matters »

[12 Feb 2012 | No Comment | ]

Facebook filed papers overnight to raise at least $US5 billion in one of the most hotly anticipated IPOs of the decade. Below is the letter from Facebook founder and CEO Mark Zuckerberg to prospective investors:
Facebook was not originally created to be a company. It was built to accomplish a social mission – to make the world more open and connected.
We think it’s important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do. I will …

Headline »

[12 Feb 2012 | No Comment | ]

As Facebook goes public, Silicon Valley is buzzing in anticipation of the “instant millionaires” that may soon be looking for ways to spend their newfound wealth.
Eight years after Mark Zuckerberg founded the company in a Harvard dorm room, the stock market debut is expected to value the social media giant at as much as $100 billion.
While Zuckerberg and other longtime staffers stand to benefit the most, the initial public offering on Wednesday could also make millionaires out of much of the company’s rank-and-file.
Local real estate agents say they expect the …

Headline »

[7 Feb 2012 | No Comment | ]

A graffiti artist who decorated the walls of Facebook’s headquarters seven years ago is set for a $US200m windfall when the social network makes its initial public offering (IPO).
David Choe, 35, reportedly thought the social network was “ridiculous and pointless”, but nonetheless accepted a few thousand pounds of shares as payment when he was commissioned by Sean Parker, Facebook’s then president.
The decision will make Mr Choe one of at least 1000 of Facebook’s early employees and advisers who were rewarded in shares and who are now set to cash in.
The …

Headline »

[16 Dec 2011 | No Comment | ]

Help is just a few clicks away on Facebook for people expressing suicidal thoughts.
The social networking site launched a new feature Tuesday that enables users to connect with a counselor through a confidential chat session triggered after a friend reports distressing content.
The new tool has several benefits, experts say, in the quest to reduce the number of nearly 100 Americans who commit suicide every day.
First, it brings quick intervention at times when it can be of most help. Second, it enables troubled people to start a chat over an instant …

Headline »

[22 Feb 2011 | No Comment | ]

A man in Egypt has named his newborn daughter “Facebook” in honor of the role the social media network played in bringing about a revolution, according to a new report.
Gamal Ibrahim, a 20-something, gave his daughter the name “to express his joy at the achievements made by the January 25 youth,” according to a report in Al-Ahram, one of Egypt’s most popular newspapers.
Many young people used Facebook and other social media networks to organize the protests, which began January 25 and ultimately led to the ouster of President Hosni Mubarak …

Personal Development »

[5 Feb 2011 | No Comment | ]

MARK Zuckerberg’s father said in a radio interview on Friday that an early exposure to computers inspired his son’s interest in technology, and he encouraged parents to support their children’s strengths and passions with a balance of ‘work and play’.
Dr Zuckerberg said he computerised his offices in 1985. His son Mark Zuckerberg, cofounder and CEO of Facebook, was born in 1984 and was raised in the house where his father’s dental offices are located in Dobbs Ferry, New York, in suburban Westchester.
‘My kids all grew up around the office and …