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February 27 2014

February 24 2014

February 22 2014

February 07 2014

Mark Zuckerberg's Stake in Facebook Reduced to Less Than 20%
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Mark Zuckerberg's stake in Facebook has been reduced to just under 20%, according to an SEC filing on Friday.

Zuckerberg, the company's cofounder and CEO, now owns 478.9 million shares of Facebook, or 19.6% of all shares. One year ago, Zuckerberg's stake in the company was nearly 30%

In December, Zuckerberg sold $2.3 billion worth of Facebook, largely to pay his tax bills for options that he exercised

Zuckerberg famously pledged in September 2012 not to sell any shares of Facebook for at least a year, a move that was intended to show his confidence in the stock at a time when it had hit a new low. A few months later, he actually increased his stake in the company to 29.3% from 28.2% on the day of the IPO. Read more...

More about Facebook, Mark Zuckerberg, Stocks, and Business

February 06 2014

10 Years of Facebook: Past, Present and Future
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This week marks the 10th anniversary of when Mark Zuckerberg launched "TheFacebook" as a sophomore at Harvard University.

Since then, Facebook has become the world's most dominant social network, with more than 1.2 billion monthly active users.

Now, as one of the industry's grizzled vets, Facebook faces competition from newer networks (namely, Snapchat) and accusations that it has a "teen problem."

Today at 1:15 p.m. ET, we're hosting a special MashTalk to discuss Facebook's storied past, the moves it's making today and what the future looks like for the company. Read more...

More about Facebook, Mark Zuckerberg, Social Media, Google Hangouts, and 10th Anniversary

February 04 2014

How a 19-Year-Old Mark Zuckerberg Envisioned Facebook
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For all the changes Facebook has seen in the past 10 years, it's relatively similar to how CEO Mark Zuckerberg imagined it back in 2004: a discovery site for meeting new people and learning new information.

In a CNBC interview from 2004, a 19- or 20-year-old Zuckerberg — we couldn't confirm the exact date of the interview — spoke with Rebecca Quick on her Bull's Eye show, outlining growth for the new social network and his vision for the future

"When we first launched we were hoping for, you know, maybe 400 or 500 people," Zuckerberg said, adding that the company hoped to expand into 100 to 200 universities later that fall. "Now we're at 100,000 people, so who knows where we're going next. [...] Maybe we can make something cool." Read more...

More about Facebook, Mark Zuckerberg, Cnbc, Tv, and Social Media
8 Ways Facebook Changed the World
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Happy birthday, Facebook!

It's only been 10 years, but the company that connected the world has had more experiences than most have in a lifetime. It's been the focus of a major motion film. It's played a role in multiple political revolutions. And most notably, it connects more people than any other single company ever has

With more than 1.2 billion users (and counting), Facebook has more than 17% of the world's population actively using the platform — and that's without almost all of China, where Facebook is currently blocked by the government. As the company places more emphasis on mobile and emerging markets, it's plausible that another billion users could sign up on the site in the next decade Read more...

More about Facebook, Mark Zuckerberg, Instagram, Arab Spring, and Social Media
A Hand-Drawn History of Facebook
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It’s hard to believe that it has been 10 years since the launch of Facebook. Ten years of new features, design updates and endlessly stalking classmates, coworkers and ex-girlfriends

To commemorate the social giant’s big day, we put together this animated whiteboard video. It will take you through Facebook’s journey from a Harvard dorm room to a billion computers worldwide

Facebook is probably part of your everyday life, but do you know how much the company was worth when it went public? How about the exact date and time it hit 1 billion users? Watch above. Read more...

More about Video, Facebook, Mark Zuckerberg, Social Media, and Videos
'It Was Just the Dumbest Luck' — Facebook's First Employees Look Back
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Dustin Moskovitz thought he might go to business school. Or graduate school. Maybe he would work in technology. Mostly he just wanted to graduate.

It was early 2004 and Moskovitz was in his second year at Harvard, majoring in economics and living with roommates Chris Hughes, Billy Olson and Mark Zuckerberg. Zuckerberg, also a sophomore, had already started to make a name for himself on campus, first with the release of Course Match, a tool to help students find out which courses their classmates were taking, and then with Facemash, a website similar to Hot or Not.

Moskovitz didn't know Zuckerberg before moving in with him — they were randomly paired together — but the two quickly became friends. Still, he wasn't exactly floored by these early projects, or at least not by Facemash. "It just seemed a little trivial at first," he says. Read more...

More about Facebook, Mark Zuckerberg, Social Media, Features, and Business

January 30 2014

Facebook Announces News Reader App 'Paper'
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Well that didn't take long

Just 24 hours after Facebook CEO Mark Zuckerberg promised more standalone apps in 2014, the company announced Paper on Thursday, a standalone news reader mobile app that has reportedly been in the works for years

The new app will surface content from 19 different "sections," including sports, tech, pop culture, and "LOL." The app also has a "Newsfeed" section, which is the same News Feed users are accustomed to on the native apps, but with a new design

Each section will have a rotating carousel of images across the top, and individual cards and stories below that image. The new app was specifically designed to look different than the native apps, and has larger images and content cards without the typical blue trim present on Facebook's native apps Read more...

More about Facebook, Mark Zuckerberg, App, Paper, and News Reader

January 16 2014

Mark Zuckerberg to Deliver Keynote Address at Mobile World Congress
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Facebook founder Mark Zuckerberg is scheduled to deliver the keynote speech in February at Mobile World Congress, arguably the largest mobile trade show in the industry.

Zuckerberg's address will open the show on Feb. 24 in Barcelona, alongside tech journalist David Kirkpatrick. According to the agenda, the duo will "explore the importance of extending the benefits of ubiquitous Internet access to the unconnected world." The keynote will be live streamed online.

The move is an interesting one for both the conference and Zuckerberg. The social platform has had a difficult time getting its HTC "Facebook phone" off the ground. The device, which launched in April 2013, came pre-loaded with Facebook Home, which gives Android-based mobile phones a socially focused interface, with Facebook updates and content pushed directly to the lock screen. The launch was considered a misstep in Facebook's mobile strategy. Read more...

More about Facebook, Mark Zuckerberg, Tech, and Mobile

January 15 2014

Report: Facebook's News Reader May Debut in January
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Facebook is close to unveiling its long-awaited news reading service, and the product could be launched by the end of the month, according to Re/Code

The service, which is called "Paper," will reportedly operate in a manner similar to Flipboard, a news aggregator that pulls in social updates alongside news stories from publications of interest to the user. Paper will definitely incorporate Facebook posts, according to Re/Code

It is still unclear whether Paper will exist as a standalone app or in some other format. A Facebook spokesperson declined to offer more details, saying, "We do not comment on rumors and speculation." Read more...

More about Facebook, Mark Zuckerberg, Paper, News Reader, and Social Media

January 14 2014

Snapchat's Evan Spiegel Isn't Scaring Off Investors, Despite Mishaps
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ArrogantEgotisticalCockyEntitled

These colorful, critical descriptors are merely a sampling of the words used in association with Snapchat CEO Evan Spiegel over the past two weeks. The adjectives are not at all flattering, and Spiegel's reputation — which has teetered between confidence and arrogance — seems to be slipping toward the latter.

The issues started when Snapchat experienced its first major security breach, a hack in which 4.6 million usernames and phone numbers were leaked online

The problem worsened when Snapchat acknowledged the hack, but failed to apologize for it, leading Fortune to ponder whether Spiegel or his PR rep should be fired for such a lapse in judgement. (Spiegel has since issued an apology, and even issued a second one Monday for complaints over excessive spam.) Read more...

More about Facebook, Mark Zuckerberg, Investors, Forbes, and Startups

January 07 2014

Snapchat CEO and 'Forbes' Clash Over Recent Cover Story
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When it comes to likeability, Snapchat CEO Evan Spiegel is certainly making it tough on himself

The 23-year-old criticized journalists on Twitter Monday morning, claiming that some details in a recent Forbes cover story about his startup were misreportedForbes responded hours later with a transcript from Spiegel's interview with the story's author, reporter J.J. Colao, essentially proving that Spiegel misled the publication during its reporting

The details in question were included in the story's lead, and depicted an email exchange between Spiegel and Facebook CEO Mark Zuckerberg. In the story, Zuckerberg emailed Spiegel in late 2012 asking for a meeting to discuss the new startup. Spiegel's response: "I'm happy to meet ... if you come to me." Read more...

More about Mark Zuckerberg, Forbes, Business, Media, and Apps Software

January 03 2014

Mark Zuckerberg's Net Worth Increased by $12.4 Billion Last Year
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Mark Zuckerberg had a very good 2013.

The Facebook cofounder and CEO's net worth increased by $12.4 billion last year, the largest gain of any current tech exec, not counting Bill Gates, according to data released this week from Bloomberg Billionaires Index. Zuckerberg is currently worth more than $24.5 billion.

That increase in his net worth was driven by Facebook's stock, which doubled for the year. Facebook stock started the year at $27.44 a share and ended at $54.65, thanks to renewed optimism for the company's ability to monetize on mobile and growing confidence in the social space in general. Read more...

More about Facebook, Mark Zuckerberg, Stocks, and Business
Mark Zuckerberg Gave the Biggest Charitable Gift of 2013
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Facebook CEO Mark Zuckerberg and wife Priscilla Chan took the whole "season of giving" thing to heart once again in 2013

For the second straight year, the couple gave away 18 million Facebook shares — a gift worth more than $970 million — to the Silicon Valley Community Foundation in December

The donation was the largest charitable gift on public record in 2013, according to the Chronicle of Philanthropy, and marked the first time that donors under the age of 30 were responsible for the year's largest donation. Zuckerberg and Chan's 2013 donation was equal in shares to the gift the couple gave the same foundation in December 2012. That gift was valued at just under $500 million at the time, but the success of Facebook's stock over the past 12 months more than doubled the value of the 2013 donation Read more...

More about Facebook, Mark Zuckerberg, Donations, Nike, and Social Media

December 26 2013

Facebook in 2014: Fighting for Social Supremacy
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Put on your party hats and string up the banners: Facebook celebrates its 10th birthday in 2014

You'd be hard pressed to find a more popular, yet polarizing, service than Facebook over the last decade. In less than 10 years, Facebook has collected a billion-plus users, hosted a presidential Town Hall, been the topic of a major motion film, and connected people from every corner of the planet. Its global brand recognition may be the best in the tech world, rivaling only Google and Apple, both of which had a substantial head start

And while 2014 is, in all reality, just another year for the social media giant to collect users, data, and revenues, it's also a reminder of how far Facebook has come — and how quickly the tech world evolves Read more...

More about Facebook, Mark Zuckerberg, Features, Social Media, and Snapchat

December 25 2013

The Year in Facebook: Moving Fast, Breaking Less
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If there's one thing Facebook generates, besides selfies and baby pics, it's lots and lots of press

The company has more than one billion users, one of tech's most recognizable CEOs (still only 29!), and enormous stores of your personal data. Like it or not, we all seem to have a stake, whether big or small, in what happens at Facebook's Menlo Park, Calif., headquarters. It makes sense, then, that the social network keeps us all, reporters and readers alike, busy week in and week out.

The company has a reputation for changing its product regularly, and this year was no different. Facebook's 2013 activities ran the gamut from the good (Graph Search), to the bad (Facebook Home), and, of course, the ugly (its misuse of an extremely sensitive image in an ad) Read more...

More about Facebook, Twitter, Mark Zuckerberg, Features, and Social Media

December 19 2013

Zuckerberg Selling $2.3 Billion Worth of Facebook Stock to Pay Taxes
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Facebook CEO Mark Zuckerberg on Thursday will sell $2.3 billion worth of his company's stock largely to pay tax bills on options that he is exercising.

The sale is part of a 70 million share offering. Zuckerberg is selling 41.35 of those shares. Marc Andreessen, a Facebook investor, is also selling 1.6 million shares. Facebook's stock was trading at $54 Thursday morning, valuing Andreessen's sale at around $86.4 million. The remaining 27.05 million are newly issued Facebook shares.

Facebook "intends to use the net proceeds of the offering for working capital and other general corporate purposes," according to a press release from the company. In September, Forbes estimated Zuckerberg's fortune at $19 billion, double last year's amount. Facebook's stock has risen 108% over the last year. Read more...

More about Facebook, Mark Zuckerberg, and Business

December 10 2013

Report: Facebook Won't Roll Out Its Major Redesign Any Time Soon
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Facebook made a big deal about the platform's impending redesign in March, but it now appears it's not actually coming to most users

A story by Mike Isaac of AllThingsD claims that the redesign has stalled, and will not actually roll out to users as was originally expected

In Tuesday's story, Isaac wrote:

Sources said that in the small rollout to a single-digit percentage of users, engagement with the new design has stalled. So much so, in fact, that the majority of users won’t receive this Facebook redesign we saw unveiled this year.

Instead, sources said, it’s back to the drawing board on a better News Feed, while using the failed first launch as a data point for creating a better Version 2. When users finally do see something new, it will likely be far less drastic of a change, incorporating only some of the modifications that worked better than others. Read more...

More about Redesign, Facebook, Mark Zuckerberg, News Feed, and Social Media
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