Company’s shares can be purchased with $38 apiece, which means that the most popular social network is worth over 100 billion dollars. Therefore Facebook’s IPO would be the largest to date of any Internet company and second-largest initial public offering in history. Facebook will be listed under the ticker symbol FB.
Network’s stock listing will convert Mark Zuckerberg and at least 6 other Facebook stakeholders into billionaires. Zuckerberg, who founded the social network from his Harvard dormitory room, has become the 29th-richest man in the world in the process.
Facebook is already more valuable than the high-tech companies gathered together. But there are still some things in the fog about this company and we probably did not know many aspects about CEO Mark Zuckerberg or how things work.
• After being listed on the stock market, Facebook turns to be worth more than eBay, Yahoo, Groupon, LinkedIn, Netflix, IAC, AOL, Zynga and Pandora together
• Facebook is worth even more than Amazon.
• Facebook co-founder Eduardo Saverin renounced American citizenship to avoid paying taxes.
• One of the biggest talents of Mark Zuckerberg is to fire people, colleagues say.
• Zuckerberg controls 60% of the company and voting power.
• Zuckerberg refused to sell to Viacom.
• Initially accepted an offer from Yahoo, but then refused when Terry Semel lowered the price.
• Zuckerberg was dressed in tracksuit when he met the investors on Wall Street.
• Zuckerberg attended CEO “lessons” in 2005.
• He is a big fan of the series “Glee”.
• Mark Zuckerberg’s favorite phone is the BlackBerry, but in 2010 he switched to iPhone.
• Mark Zuckerberg held talks to acquire Instagram for $1 billion without consulting his directors.
• Facebook engineers wanted to name the button “Like”, the “Awesome”.
• Google was worth only 25% of Facebook’s value when first listed on the market.
• During Facebook’s first summer, Zuckerberg’s family spent 85,000 dollars to keep the site on a floating line.
• The Social Network was initially called Thefacebook. Former president Sean Parker helped buy the domain Facebook.com for $200,000.
• The same Sean Parker convinced Zuckerberg to add the “share” option for pictures, which now turned into the most popular option on the website. Zuckerberg did not agree initially.
• Facebook pays its engineers better than the other companies at Silicon Valley.