The gift of 18 million Facebook shares is valued at $498.8 million based on their closing stock price on Tuesday, when Zuckerberg, 28, made the donation. The beneficiary is the Silicon Valley Community Foundation, a nonprofit that works with donors to allocate their gifts.
During the current election campaign, for the first time in American history, President Barack Obama and the “left” have made success in America to be negative.
Facebook has topped 1 billion users, but the past few months have not been easy.
Facebook CEO Mark Zuckerberg is acknowledging his company’s falling stock price, but he says Facebook has overcome hurdles before.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”
Facebook co-founder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million – a tiny chunk of his total stake.
Facebook’s No. 2 executive, Sheryl Sandberg, has become the first woman on the social-networking company’s board of directors.
Facebook is testing the waters to allow children under 13 on the popular social networking site, but some child advocates are calling the idea crazy.
Barely 24 hours after his IPO, 28-year-old Facebook founder and CEO Mark Zukerberg married longtime girlfriend, 27-year-old Priscilla Chan.
Facebook stock rose more than 10 percent in the world’s biggest online social network’s debut as a publicly-traded company before retreating back to break-even levels.