Mark Zuckerberg

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Guy Suing for 84% of Facebook Charged With Fraud

Paul Ceglia accused of faking evidence, falsifying contract

(Newser) - Facebook cried fraud last year over the guy claiming he was entitled to 84% of the company—and Facebook might have been right. Paul Ceglia, who sued the company and Mark Zuckerberg in 2010, has now been indicted on fraud charges for allegedly faking evidence, Mashable reports. Ceglia is accused...

Facebook Stock Gets a Boost, Thanks to Mobile Ads

Quarterly earnings show company made money in that tough category

(Newser) - Facebook finally has proof that it can make money from mobile advertising. As part of today's third-quarter results, the world's biggest social media company disclosed for the first time that some 14% of its ad revenue came from mobile advertising. It started showing ads to users who access...

Facebook Hits 1B Users, Still Searching for the Money

Mark Zuckerberg acknowledges 'tough cycle'

(Newser) - Facebook has crossed the 1 billion mark, Mark Zuckerberg announced today in an appearance on the Today show in which he nonetheless acknowledged that his 8-year-old company is "in a tough cycle now." The milestone means that one in every seven people uses the site, notes Fast Company...

Zuckerberg: Yeah, I Own About 20 of These T-Shirts

'I wear the same thing every day,' he tells Matt Lauer

(Newser) - It's not exactly a bombshell revelation, but Mark Zuckerberg tells NBC's Matt Lauer that he doesn't pay much attention to fashion. "I mean, I wear the same thing every day, right?" he says in the Today interview , which airs Thursday. "I mean, it's literally,...

Zuckerberg Hangs With Medvedev in Moscow

He hopes to boost Facebook's presence in Russia

(Newser) - Mark Zuckerberg is in Moscow today, but it's hardly a vacation: He's meeting with Prime Minister Dmitry Medvedev to talk about cooperation in start-ups and IT technology, AFP reports. Zuckerbeg clearly hopes to boost Facebook's presence in Russia, where Russian-language social network VKontakte reigns supreme. Russian firms...

Net Worth of 400 Richest Americans Jumped 13%
Net Worth of 400 Richest Americans Jumped 13% 
FORBES LIST
Sep 19, 2012 11:55 AM CDT

Net Worth of 400 Richest Americans Jumped 13%

And those 400 now make up 1/8 of the US economy

(Newser) - It was a good year for America's 400 richest people, who saw their net worth jump 13% to $1.7 trillion, according to Forbes' latest " Forbes 400 " list. For a little context, Reuters notes that that means their combined net worth represents roughly one-eighth of the entire...

Zuckerberg: Mobile Tech Was Our Biggest Mistake

Facebook building a search engine, he says

(Newser) - In his first public talk since Facebook's IPO in May, Mark Zuckerberg said the stock's decline was "obviously disappointing," and admitted the company had "burned two years" by focusing on the wrong mobile technology, reports the Financial Times . But he came across as upbeat and...

Facebook: Zuckerberg Won't Sell Shares for a Year

Firm moves to protect share price as it hits new low

(Newser) - Mark Zuckerberg is a much poorer billionaire than he was a few months ago, but he won't be joining the early investors selling off their Facebook shares. Those shares hit a new low of $17.73 yesterday, and the company took steps to assure investors that the slide will...

Facebook&#39;s Oldest User Is 101
 Facebook's Oldest User Is 101 
Aug 28, 2012 11:43 AM CDT

Facebook's Oldest User Is 101

And Florence Detlor has met Mark Zuckerberg

(Newser) - If your grandmother insists she can't figure out Facebook, introduce her to Florence Detlor. At 101, she's the oldest registered user of the social networking site, Mashable reports. Facebook COO Sheryl Sandberg posted a picture of herself and Mark Zuckerberg with Detlor at the company's headquarters, which...

Grilling App Crashes After Zuckerberg Praises It

iGrill makers thrilled with endorsement

(Newser) - Want to boost traffic to your site? Try getting an endorsement from Mark Zuckerberg. His Facebook post on the iGrill app caused so much traffic that it shut down iGrill's servers for two hours. The app is a wireless cooking thermometer for Apple touchscreen devices, and Zuck's post...

Facebook's Problem Isn't Zuckerberg, It's Peter Thiel

George Anders thinks a better board could turn Facebook around

(Newser) - Bedrock investor Peter Thiel has sold off more than 90% of his stake in Facebook, and it might be high time he followed that stock out the door. Thiel still has a seat on Facebook's board, even though he now holds just 5.6 million shares, or 0.3%...

Facebook Stock Drop &#39;Painful&#39; for Workers

 Facebook Stock 
 Drop 'Painful' 
 for Workers 
Life Plans on Hold
Aug 18, 2012 1:48 PM CDT

Facebook Stock Drop 'Painful' for Workers

Mark Zuckerberg admits it's hard on employees

(Newser) - With investors dumping Facebook stock and analysts dumping on the company , employees are feeling the pain. In other words, their plans for a new home or car will have to be put on hold, the Los Angeles Times reports. "People made life plans and calculations," says a Silicon...

As Facebook Shares Tank, Calls for Zuckerberg's Head

Investors wonder if he's 'in over his hoodie'

(Newser) - With Facebook stock continuing to find new lows , grumbles have started on Wall Street. "There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodie as CEO of a multibillion-dollar public company," one researcher tells the LA Times . Zuckerberg owns too...

Facebook&#39;s Instagram Deal Will Be a &#39;Bust&#39;
Facebook's Instagram Deal 
Will Be a 'Bust'
OPINION
Aug 7, 2012 6:18 PM CDT

Facebook's Instagram Deal Will Be a 'Bust'

Zuckerberg may have been too hasty: Forbes' Chunka Mui

(Newser) - Facebook's billion-dollar purchase of Instagram has generally been met with praise in the tech world, an example of how Mark Zuckerberg can strike decisively to shore up a weakness. Chunka Mui at Forbes has a different view: "We'll look back on the acquisition as a bust—much...

Zuckerberg No Longer Among Tech's 10 Richest

Facebook's plunging shares cost him $423M yesterday

(Newser) - Facebook's sinking stock shares have cost Mark Zuckerberg some bragging rights among his tech peers. As unfathomable as it might seem to ordinary folks, Zuckerberg's worth dropped by $423 million yesterday, reports Bloomberg . His fortune is now figured to be $10.2 billion, about $400 million less than...

Zuckerberg's Mortgage a 1% Special

Loan illustrates benefits of wealth

(Newser) - The mortgage on Mark Zuckerberg's new $5.95 million abode brings whole new meaning to the term, "1%." For starters, that's roughly the rate Zuckerberg is paying—it's adjustable rate, but it's starting at just 1.05%. It's also the kind of loan...

Tech Moguls: Modern-Day Robber Barons

Mark Zuckerberg, Jeff Bezos equally big on biz, not values

(Newser) - Ten of the world's richest 100 people have ruthlessly siphoned their billions from IT, making today's tech moguls the equivalent of the infamous capitalist robber-barons of last century, like John Rockefeller or Andrew Carnegie, writes John Naughton in the Guardian . From Bill Gates and Mark Zuckerberg to Sergey...

Sinking Stock Pushes Zuck Off Billionaires Index

As of yesterday, he was no longer one of world's 40 richest

(Newser) - As of yesterday, Priscilla Chan was no longer married to one of the world's 40 richest people. Bloomberg reports that Facebook's much ballyhooed drop below the $30-a-share mark yesterday caused Mark Zuckerberg to drop from the list. With the stock closing at $28.84, his fortune decreased from...

Facebook, Don&#39;t Build a Phone
 Facebook, Don't Build a Phone 
OPINION
May 29, 2012 1:15 PM CDT

Facebook, Don't Build a Phone

Mark Zuckerberg should stick with software: Dan Costa

(Newser) - Facebook has enough problems these days, from that lackluster IPO to rumors that Mark Zuckerberg is a lousy honeymoon tipper . And now comes yet another report that Facebook is trying to make a smartphone ? At PC Magazine , Dan Costa has some advice: Don't do it. Facebook does indeed...

Saverin: Feud With Zuckerberg Is 'Hollywood Fantasy'

He avoids Facebook for privacy reasons

(Newser) - Remember the scene in The Social Network where Eduardo Saverin flips out at Mark Zuckerbeg, who has sneakily shrunk his share of the company? Well Saverin says it was all "Hollywood fantasy." The Facebook co-founder gave a rare interview with the Brazilian magazine Veja , in which he insists...

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