Mark Zuckerberg

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Zuckerberg's Honeymoon Takes Him to...

...Italy, where Twitter users follow the Facebook founder, bride

(Newser) - Mark Zuckerberg doesn't really believe in privacy for the rest of the world, so it's not much of a surprise that the world doesn't believe in privacy for Zuckerberg. The Facebook founder and new bride Priscilla Chan are honeymooning in Italy, and details of their trip are...

Why I&#39;m Saying Goodbye to &#39;Facebookistan&#39;

 Why I'm Saying 
 Goodbye to 
 'Facebookistan' 
IN CASE YOU MISSED IT
May 27, 2012 3:45 PM CDT

Why I'm Saying Goodbye to 'Facebookistan'

Facebook useful, but Steve Coll objects to company's terms, and more

(Newser) - Four years and 4,000 friends later, Steve Coll is calling it quits when it comes to Facebook. It's not that Coll doesn't find Facebook useful or understand its appeals. To Coll, quitting what one of his colleagues has dubbed "Facebookistan" is an exercise in citizenship, his...

Facebook Backers Helped Short Sellers

Morgan Stanley adjusting thousands of first-day trades

(Newser) - Some traders at the underwriters of Facebook's bungled IPO were busy aiding short sellers who bet the stock would drop in the days after its debut, the Wall Street Journal finds. Insiders say traders at JPMorgan and Goldman Sachs were loaning out the shares hedge funds needed to bet...

Analyst on Facebook Flop: Hoodie Scared Investors

Michael Pachter says, 'I told you so'

(Newser) - Why is Facebook's stock languishing well below its IPO asking price? Blame Mark Zuckerberg's hoodie, says Michael Pachter. The Wedbush securities analyst was widely snickered at a couple weeks ago for complaining that Zuckerberg shouldn't have worn the hoodie on Facebook's "roadshow" for investors. Now,...

Shareholders Sue: Morgan Stanley, Zuckerberg, Facebook

Claim revised revenue forecasts were hidden from bulk of investors

(Newser) - Good thing Mark Zuckerberg has that new bride to be excited about, because his new billions are only bringing him headaches. Shareholders today filed a suit against Zuckerberg, Facebook itself, and a number of Morgan Stanley-led banks, arguing that all three kept secret a "a severe and pronounced reduction"...

Why Zuckerberg Got Married the Day After the IPO

It could have been for financial reasons: divorce lawyers

(Newser) - How romantic: Turns out the timing of Mark Zuckerberg's surprise weekend wedding may have had more to do with financial savvy than anything else, Reuters reports. California has community-property laws, meaning that any property created during the marriage should be split evenly in a divorce. In the case of...

Meet the New Mrs. Zuckerberg
 Meet the New Mrs. Zuckerberg 
May 21, 2012 9:04 AM CDT

Meet the New Mrs. Zuckerberg

Priscilla Chan is former science teacher ... and much more

(Newser) - Priscilla Chan has updated her status from Mark Zuckerberg's girlfriend to wife . Though we've long known she's the proud owner, with Zuckerberg, of a Hungarian sheepdog named Beast whose "favorite thing in the world [is] pooping on Mark's white rug," she has managed to...

Mark Zuckerberg Gets Married
 Mark Zuckerberg Gets Married 
May 19, 2012 8:35 PM CDT

Mark Zuckerberg Gets Married

Ties knot with girlfriend of 9 years Priscilla Chan

(Newser) - This is the week to end all weeks for Mark Zuckerberg, who married 27-year-old Priscilla Chan at a small ceremony at his Palo Alto, California, home today. It was no average week for his new wife, either: Chan graduated from medical school at the University of California, San Francisco, on...

Tech's Richest Hate Showing Off Wealth

From Facebook to Google, Silicon Valley frowns on flashy spending

(Newser) - Facebook's staff may be full of zillionaires, but don't expect Ferraris in the parking lot. Silicon Valley, where almost 14% of homes earn more than $200,000 per year, is deeply opposed to conspicuous consumption—hence Mark Zuckerberg's iconic hoodies and Facebook COO Sheryl Sandberg's underground...

Facebook IPO Ends Flat: Right Back at $38

Shares don't fare as well as expected

(Newser) - Facebook's big day is over, though its IPO didn't meet Wall Street's expectations. Some highlights:
  • Rise and fall: Shares opened at $38, rose quickly to $42, then sank again to $38 before underwriters stepped in to keep the price up, reports the Wall Street Journal . Shares closed
...

Keep Track of Zuck's Wealth—in Real Time

Wall Street Journal offers Mark Zuckerberg widget

(Newser) - Just how rich is Mark Zuckerberg? The answer is changing rapidly, but the Wall Street Journal will keep you posted. Facebook's IPO has helped make Zuck one of the world's richest people. Of course, his wealth is shifting along with the stock price—so the Journal is providing...

Lawsuit Could Wipe Out Facebook IPO Windfall
Lawsuit Could Wipe Out Facebook IPO Windfall
and more IPO news
May 18, 2012 10:13 AM CDT

Lawsuit Could Wipe Out Facebook IPO Windfall

...but bids in Germany have hit $74 a share

(Newser) - By the time you read this, Facebook shares will likely have begun trading ( or not ). But the hoopla around the IPO was slightly dampened today, thanks to a mammoth class-action privacy lawsuit filed against it. The case combines 21 separate suits accusing Facebook of tracking users even when...

Facebook IPO Almost Settled: $38 Per Share?


 Facebook 
 IPO Settled: 
 $38 Per Share 
UPDATED
May 17, 2012 3:24 PM CDT

Facebook IPO Settled: $38 Per Share

That puts the valuation at $104B

(Newser) - The endless guessing is over: Facebook shares will go at $38 apiece tomorrow, putting the total valuation at $104 billion, the highest ever for US company at its IPO, reports the Wall Street Journal . That's on the high end of the site's predicted pricing, even after it hiked...

Facebook Kicking Off IPO With All-Night Hackathon

All employees are invited, and Zuckerberg will probably attend

(Newser) - Facebook is holding an all-nighter tonight, in advance of tomorrow’s IPO and its first day as a public company. The company will hold a "hackathon," a long-standing tradition involving employees working quickly on whatever they want, which has produced products including Facebook chat. It will culminate tomorrow...

Facebook Tries Charging Users to Promote Posts

Test running in New Zealand only

(Newser) - Want to make sure your friends see your latest uber-important Facebook update? Now you can—if you live in New Zealand and are willing to drop a couple bucks. Facebook is testing a service in the country that allows users to pay between about 40 cents and $2 to highlight...

Zuckerberg's Hoodie: Gleeful Snub to Wall Street?

One analyst thinks it's a 'mark of immaturity'

(Newser) - On the first day of Facebook's IPO roadshow yesterday, Mark Zuckerberg showed up to a meeting with potential investors wearing a hoodie—a wardrobe choice that one Wall Street analyst says is a glaring "mark of immaturity," reports Bloomberg . "He’s actually showing investors he doesn’...

Facebook's IPO Roadshow Off to a Frustrating Start

Things got off to a late start because Zuckerberg was ... in the bathroom?

(Newser) - Facebook kicked off its IPO roadshow yesterday, and while some elements of day one were perfectly predictable—Mark Zuckerberg showed up in a hoodie and sneakers—others were a little more frustrating. Things began an hour behind schedule, Zuckerberg showed up late to the Q&A ( CNBC's explanation:...

Zuckerberg to Pocket $1B in Facebook IPO

He's selling 30.2M shares, the second-most anyone is offloading

(Newser) - You know what's cool? A billion dollars. And that's about how much Mark Zuckerberg will be taking home when Facebook finally goes public. The CEO plans to sell off 30,200,000 of his own shares, grabbing somewhere between $845 million and $1.2 billion, according to a...

Facebook IPO: Not Quite $100B

Shares to be $28 to $35, putting value at $96B max

(Newser) - With Nasdaq trading likely to begin in weeks, Facebook has revealed pricing figures: It's planning to sell shares for between $28 and $35, which would put the company's value at $77 billion to $96 billion—the highest ever for a web firm during its IPO, the Wall Street ...

Facebook's Next Frontier: Your Organs

Zuckerberg says donation push inspired by his girlfriend, Steve Jobs

(Newser) - Facebook is all about sharing, and now Mark Zuckerberg wants you to take that to the next level by sharing, say, your kidney. Starting today, Facebook will allow users to post to their timelines that they are organ donors, and provide an easy link to sign up with official organ...

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