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Posts Tagged ‘Mark Zuckerberg’

The Youngest Billionaires On The Forbes 400: 11 Under 40

Posted by Ram Kumar Shrestha on January 16, 2015

By Natalie Robehmed:

NatalieEach year, Forbes crunches the net worth of every American billionaire to see who will make the exclusive Forbes 400 list. But 11 members of this club are luckier than the rest: they are in good health, have full heads of hair and many, many years to spend their fortunes.

This year there are 11 American billionaires under the age of 40 on the list.  The youngest member of the Forbes 400 is 30-year-old Facebook cofounder Dustin Moskovitz, who has been the most junior person on the Forbes 400 since making his debut in 2010. He lost bragging rights as country’s youngest billionaire this summer when Snapchat raised money valuing the photo sharing app at $10 billion. Now Evan Spiegel, 24, holds that title but with a net worth of $1.5 billion, he just misses the cut for the Forbes 400.

DustinMoskovitz is just eight days younger than his former Harvard roommate, Mark Zuckerberg, who is the second-most-junior member of the list. The Facebook CEO is worth an estimated $34 billion, up from $19 billion last year, making him the year’s biggest dollar gainer. At just 30 years old, he is the 11th richest person in America – and the wealthiest under 40. Read the rest of this entry »

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Top 10 Business Leaders Under 40

Posted by Ram Kumar Shrestha on October 12, 2014

marissa-mayer_1

What does it take to disrupt, to lead, to innovate? For Jan Koum it was coming up with a texting app so popular that Facebook had to have it—for $19 billion. For Elizabeth Holmes it was a childhood fear of getting her blood drawn. For Andriy Kobolyev, CEO of Ukrainian gas giant Naftogaz, it’s the fine art of persuading Gazprom to keep the gas flowing—while getting his countrymen to stop sleeping with their windows open.

Welcome to our 2014 40 under 40, our list of the most powerful, influential, important people in business under 40. You’ll see plenty of household names here—Mark Zuckerberg, Brian Chesky, Marissa Mayer—but you’ll also see plenty of new faces. (One thing you won’t see are many repeats. With very few exceptions, once someone’s been on once, we consider them “in the club” and move them off to make room for fresh discoveries.) What we look for: power, influence, leverage, scale, and ideas that disrupt.

Many names on the list are of course in the tech sector, but they’re also in finance, fashion, film, real estate, and even eggless mayonnaise. This year there are a surprising number of legacies, perhaps reflecting how hard it is to get ahead in today’s economy without the right connections (though for a true rags-to-riches tale, look no further than Koum). One thing they have in common: They don’t like limits, and they don’t like being told no.

1. Travis Kalanick & Brian Chesky

travis_brian

Age 38, 33
Title Co-founder and CEO
Company Uber / Airbnb

They’re revolutionizing two very different industries, but this year was the year that Kalanick and Chesky became the figureheads for the ongoing clash between the great potential of the Internet economy and the rules and regulations of the old economy. In the Internet economy, the web can connect hundreds of millions of us to powerful platforms and networks where we can help ourselves to extra inventory, whether it’s a spare bedroom in someone’s house or a driver-for-hire idling in between jobs.

In the real world economy, that ability can collide with entrenched interest groups and decades-old re Read the rest of this entry »

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Bill Gates back on top of Forbes billionaire list

Posted by Ram Kumar Shrestha on March 4, 2014

 
Bill Gates (AFP Photo / Mark Graham)Bill Gates (AFP Photo / Mark Graham)
Microsoft founder Bill Gates has regained top spot as the richest man in the US and the world. His net worth is estimated at $76 billion, $4 billion higher than Mexican telecom mogul Carlos Slim, who topped the Forbes rich list for the past 4 years.

1. Bill Gates
Net Worth: $76 B
Source of wealth: Microsoft

4. Warren Buffett
Net Worth: $58.2 B
Source of wealth: Berkshire Hathaway

5. Larry Ellison
Net Worth: $48 B
Source of wealth: Oracle  Read the rest of this entry »

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Facebook’s WhatsApp Acquisition Explained

Posted by Ram Kumar Shrestha on February 21, 2014

Also: How you, too, can make a $19 billion smartphone app. Also: Not really.

The social media giant is planning to acquire WhatsApp, which has over 450 million active users. TIME’s Jared Newman describes what the app does and why Facebook is spending so much money for it

Facebook Announces New Android ProductNow that Facebook is planning to acquire WhatsApp for $19 billion, perhaps your head is swimming with questions. Among them: How can I also make billions of dollars by selling my mobile app to Facebook? As someone who writes about technology for a living and who’s definitely not a billionaire, I can’t answer that for you. But I can help with some other things you might want to know:

What is WhatsApp?

It’s a messaging app you can use in place of your wireless carrier’s regular texting service. You enter your phone number and WhatsApp looks through your contact list for other people who are using the app. Then you can message those users all you want without limits or overage charges. The app is available on many platforms and is free to download and has no ads, but it costs $1 per year after the first year.

How popular is it?

Right now, WhatsApp has more than 450 million active users — meaning they use the service at least once a month — compared to 1.23 billion for Facebook. Those users send 500 million pictures back and forth per day, about 150 million more than Facebook.

How much money is $19 billion in the startup world, exactly?

A lot. My colleague Harry McCracken put together a chart of big startup acquisitions, and WhatsApp is the biggest. Most deals don’t come anywhere close. Bigger companies tend to change hands for a lot more money, however. For instance, Comcast wants to buy Time Warner Cable for $45 billion. Read the rest of this entry »

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With Facebook at a Crossroads, Is Mark Zuckerberg’s Future Still Bright?

Posted by Ram Kumar Shrestha on May 19, 2012

He was TIME’s Person of the Year in 2010. Did we get it right?
Zef Nikolla / Facebook / Getty Images

Facebook founder and CEO Mark Zuckerberg speaks during the celebration of ringing the Nasdaq opening bell on May 18, 2012 in Menlo Park, Calif.

Lev Grossman’s latest book is The Magician King

In November 2010, I checked into the Silicon Valley Four Seasons for two weeks to write TIME’s Person of the Year story on Mark Zuckerberg. They were a good two weeks, and not just because of the room service. I got a close-up look at Facebook at a fascinating moment in its history, when it was attempting to pivot from being a user-acquiring growth monster to being a mature platform on and around which other more established companies could rebuild themselves.

I wrote the piece. I made — as one does — a lot of generalizations and forward-looking statements. I stole a suitcase-full of those little moisturizing lotions. Then I checked out of the Four Seasons and went home.

Now, a year and a half later, with Facebook on the verge of its IPO, it seems like a good moment to revisit that story — to go back and see what’s changed, what I got right and what I got wrong.

(VIDEO: A Brief History of Facebook)

In some ways, not much has changed at all. Zuckerberg is living in a new and slightly fancier house. Facebook has kept on adding employees at the same rate — head count reportedly doubled to around 3,200 last year. He’s also kept on adding users at the same rate: in 2010 we projected that Facebook would hit a billion users in 2012. It’s right on track: it has 900 million, and it’ll probably cross the billion threshold in August. Read the rest of this entry »

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$104,000,000,000.00 :Facebook IPO Pricing: Investors Brace For Wall Street Debut

Posted by Ram Kumar Shrestha on May 18, 2012

A Facebook logo is seen through the windows of the NASDAQ stock exchange as people walk by on Times Square in New York, May 17, 2012. Facebook is set to go public on May 18, 2012 and is likely to have an estimated market valuation of over 100 billion USD when its shares begin trading on the NASDAQ. AFP PHOTO/Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/GettyImages)

SAN FRANCISCO/NEW YORK, May 17 (Reuters) – Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday.

Frenzied demand, especially from individual investors hoping to buy into an Internet juggernaut that touches hundreds of millions of people every day, is expected to drive Facebook well above its initial public offering price of $38 a share, which was already at the top end of its target of $34 to $38.

Analysts were divided on how high the price might go on the first day of trade, with some expecting a relatively modest gain of 10 percent to 20 percent while others said anything short of a 50 percent jump would be disappointing.

“It will be bananas tomorrow,” said Greencrest Capital analyst Max Wolff. “This is all about the future, so it really
is a lottery ticket.
Read the rest of this entry »

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Facebook Raises $16 Billion in I.P.O.

Posted by Ram Kumar Shrestha on May 18, 2012

BY EVELYN M. RUSLI AND PETER EAVIS
                                                                                     Joel Saget/Agence France-Presse — Getty Images

Facebook pulled it off.

As investors raced to get shares, the sprawling social network raised $16 billion on Thursday, in an initial public offering that valued Facebook at $104 billion.

The I.P.O. signals a rapid evolution for the company. In just eight years, Facebook has gone from a scrappy college service founded in a Harvard dormitory to the third-largest public offering in the history of the United States, behind General Motors and Visa.

Investors, who are paying $38 a share for the offering, now consider Facebook more stalwart than start-up. At $104 billion, the social network’s market value is higher than those ofMcDonald’sCitigroupAmazon.com and all but a handful of other American companies.

“Facebook is here to stay,” said Navin Chaddha, a managing director of the Mayfield Fund, a venture capital firm. “It’s a virtual economy where people are spending more time than any other Internet property.”

Facebook will be celebrating the occasion with the same style on which it built its reputation. Read the rest of this entry »

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6 People Mark Zuckerberg Burned On His Way To The Top

Posted by Ram Kumar Shrestha on May 17, 2012

Mark Zuckerberg

Sometimes you’ve just gotta play hardball.

Facebook CEO Mark Zuckerberg developed something of a reputation for cutting out business partners as his company rose to prominence.

For example, Business Insider recently published emails and instant message conversations detailing how Zuck elbowed out of co-founder Eduardo Savarin in 2005. In what appears to be a particularly damning email, a 20-year-old Zuckerberg’s outlines his plan to dilute Savarin’s shares down from more than 30 percent without modifying the stakes held by other shareholders.

Now 28 years old, Zuck sits at the head of a powerful company that he will take public on Friday. Based on Facebook’s recent filings with the Securities and Exchange Commission, the IPO is expected to raise as much as $18 billion and could vault the company’s valuation to more than $100 billion.

Since the social network’s beginnings in a Harvard dorm room, the hoodie-wearing CEO has faced his fair share of obstacles, missteps and tough calls along the way. Flip through the slideshow below to read about six people Zuck muscled out in the process. Read the rest of this entry »

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The World’s Most Powerful People

Posted by Ram Kumar Shrestha on February 29, 2012

FORBES magazine declared 70 most powerful persons. Some interesting facts:

Only 6 females (in 4, 11, 16, 22, 39 and 64 positions)

6 persons from US (1, 8, 16, 17, 18 and 50 positions)

5 persons from China (3, 14, 15, 29 and 69 positions)

Facebook founder Mark Zuckerberg in 9th position

In India opposition leader Sonia Gandhi in 11th position and the Prime Minister Manamohan Singh in 19th position

Russian Prime Minister in 3rd position whereas President Dmitry Medvedev in 59th position

British Prime Minister David Cameroon just below Mark Zuckerberg (in 10th position)

Very interesting Sonia Gandhi seems more powerful than European Central Bank president, French President, Chinese Premier,  Hillary Clinton, Italian Prime Minister, Brazilian President etc

Rank Name/Title Organization Age
1 Barack Obama

Barack Obama

President

United States of America 50
2 Vladimir Putin

Vladimir Putin

Prime Minister

Russia 59
3 Hu Jintao

Hu Jintao

President

People’s Republic of China 68
4 Angela Merkel

Angela Merkel

Chancellor

Germany 57
5 Bill Gates

Bill Gates

Co-Chair

Bill & Melinda Gates Foundation 56
6 Abdullah bin Abdul Aziz al Saud

Abdullah bin Abdul Aziz al Saud

King

Saudi Arabia 87
7 Pope Benedict XVI

Pope Benedict XVI

Pope

Roman Catholic Church 84
8 Ben Bernanke

Ben Bernanke

Chairman of the Federal Reserve

United States of America 57
9 Mark Zuckerberg

Mark Zuckerberg

Founder

Facebook 27
10 David Cameron

David Cameron

Prime Minister

United Kingdom 45
11 Sonia Gandhi

Sonia Gandhi

President

Indian National Congress 64
12 Mario Draghi

Mario Draghi

President

European Central Bank 64
13 Nicolas Sarkozy

Nicolas Sarkozy

President

France 56
14 Wen Jiabao

Wen Jiabao

Premier

People’s Republic of China 69
15 Zhou Xiaochuan

Zhou Xiaochuan

Governor

People’s Bank of China 63
16 Hillary Clinton

Hillary Clinton

Secretary of State

United States of America 64

For details please click here

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Why Facebook’s IPO Matters

Posted by Ram Kumar Shrestha on February 2, 2012

JUSTIN SULLIVAN / GETTY IMAGES
Facebook founder Mark Zuckerberg.

Facebook’s initial public offering later this spring will create a billion-dollar windfall for its founders and early investors, so it’s easy to be cynical and view the IPO as another example of insiders cashing in on the latest web phenomenon. But the significance — and symbolism  — of Facebook’s IPO goes much deeper. Facebook’s astonishing rise is an apt metaphor for the emergence over the last two decades of the Internet itself as a tool for individual self-expression and collective organization. It’s also a dramatic example of a generational shift taking place among the entrepreneurial class, one that elevates social change as a priority along with commercial success. Perhaps most importantly, Facebook’s success is a powerful argument to the transformational impact that a free, open Internet can have on society and commerce.

Facebook’s IPO — the largest in Internet history — is a once-in-a-generation milestone in the evolution of the web. It represents a coming-of-age moment for the second major phase in the development of the Internet as a widespread platform: the rise of the social web. In the initial phase, large portals such as America Online and Yahoo established the web as a repository for vast amounts of information. It wasn’t until Google indexed the web with its search engine that this phase reached maturity, allowing users to quickly find information across the Internet, beyond the borders of these centralized communities. But even as Google democratized the web by enabling ordinary people to exercise their voices and become accessible to the broader online world, the Internet remained a largely individualized experience. Read the rest of this entry »

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Facebook Could File IPO Documents Next Week: Report

Posted by Ram Kumar Shrestha on January 27, 2012

By SAM GUSTIN

DARREN MCCOLLESTER / GETTY IMAGES Facebook CEO Mark Zuckerberg could take take his social networking site public as early as next week, according to a published report.

Social networking juggernaut Facebook could file the paperwork for its much-anticipated initial public offering as early as next Wednesday, according to a new report in The Wall Street Journal. If previous reports are correct, the eight-year-old company could seek to raise as much as $10 billion, making the offering the largest technology IPO in history. Facebook is looking at a valuation of between $75 billion and $100 billion, the paper reported.

Although the IPO filing could come next week, the actual offering wouldn’t be until some time in the spring.

Facebook, which has amassed over 800 million users worldwide, had revenue of about $4 billion last year, according to published reports. Its public debut would be the capstone for a series of Internet IPOs that have occurred since the beginning of 2011. The company would be hoping to avoid the less-than-successful performance of some of the other offerings. For example, discount sales website Groupon and web-radio service Pandora both saw their stock prices fall below their IPO levels.

(MoreIs Facebook Really Worth $100 Billion?) Read the rest of this entry »

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Facebook CEO Mark Zuckerberg Responds To Google+

Posted by Ram Kumar Shrestha on July 7, 2011


More they will compete each other better for users.
Read the Article at HuffingtonPost

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Facebook Announcement 2011: News Event Scheduled For Next Week (SCREENSHOT, POLL)

Posted by Ram Kumar Shrestha on July 1, 2011


Facebook must minimize lots of problems as well as this is one of the most popular networks
Read the Article at HuffingtonPost

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