Private share trading at Facebook has pushed the company’s valuation to $87.5 billion. The company is currently trading private shareholder stock at a price of $32 on SharesPost.
The incredible rise of the Facebook system began in 2008 when an internal valuation sat at $4 billion, by 2009 an investment from Russian firm Digital Sky Technologies took the company to $6.5 billion.
Fast forward to 2010 and the company was quickly valued at $12 billion during the start of the year a number that quickly climbed to $34 billion by year end and then climbed again to $50 billion by the start of 2011. read more
Have you ever visited ‘facebobk.com’, ‘facemook.com’, ‘wwwfacefook.com’, ‘ffacebook.com’ and ‘faecbook.com’?
Well, Facebook is suing the holders of these domain names and 20 others, accusing them of infringing its trademark. In its suit, the holders of these domain names were essentially referred to as typosquatters. This practice relies on typographical errors or wrong spelling made by Internet users when keying in a website address. Should a user accidentally enter an incorrect website address, they may be led to an alternative website owned by a cybersquatter.
There are a number of ways in which a typosquatter can benefit from this and among them could be traffic from the wrongly spelled domain name, especially if it’s from a site as Facebook.
But then again, could there actually be a reason to think that suits for typosquatting can actually be nothing more than plain harassment or bullying?
Word is going around that “Facebook founder Mark Zuckerberg registered a Google+ account” without any confirmation from the Facebook founder.
An article in International Business Times in San Francisco says:
As of Saturday evening, he had 22 people in his Circle and 2994 people added him on their Circles.
According to a tweet from allegedly from Robert Scoble: ”…Zuckerberg just texted me back. Says “Why are people so surprised that I’d have a Google account?”
Verifying any truth from the tweet seems problematic. read more
Facebook has actually made social connections more entertaining, rendering even some of my most boring relatives, friends, co-workers, and casual acquaintances a bit more interesting.
Now that Netflix chairman and CEO Reed Hastings has joined Facebook’s board, I’m wondering what’s going to be down the road of my life on Facebook. Will I one day look up from my laptop and ask my wife to watch a movie or TV show on Facebook?
Clearly, as Facebook inches towards reaching 1 billion users sometime next year, it is looking for more and more ways to keep people logged in. Games are obvious time consumers and so is music. Movies and TV? Definitely. (Even if it means watching Green Lantern laying a big fat egg at the tills.)
As an additional revenue stream (which Facebook probably needs more than just traffic), perhaps it’ll lead to seamless social network TV/movie promotion that actually brings bigger bucks. That will definitely come in handy, if and when, Facebook goes public next year and needs to support its profitability profile.
Tyler and Cameron Winklevoss, better known to The Social Network viewers as The Winklevoss Twins have decided to end their lawsuit against Mark Zuckerberg and Facebook.
The twins have for years accused Facebook founder Mark Zuckerberg of stealing their idea for Facebook when they contracted him to build ConnectU while Zuckerberg was still a student at Harvard University.
In 2008 all parties involved settling the lawsuit for approximately $200 million, however in the last 12 months the twins tried to appeal their settlement while claiming that Zuckerberg defrauded them when paying out based on the value of Facebook stock. read more
One Billion Facebook Users in 2012 could mean a $100 Billion IPO Valuation
Of course, for Facebook founder Mark Zuckerberg, it would mean the world and then some.
Perhaps the most important thing for Zuckerberg would be that he was right about his prediction. When Facebook reached 500 million users last July, Zuckerberg said that it would be impossible for Facebook not to reach 1 billion users.
That’s roughly equivalent to 16 to 20 percent of the world’s population. But that is not to say that there really are 1 billion Facebook users with one Facebook account each or that all of the 1 billion accounts are actually actively being used in a meaningful way.
Still, what if each Facebook user was actually worth $10 each?
Mark Zuckerberg waged war on goats, lobsters, chickens and any other animal he develops a craving for. The Facebook CEO has announced, “The only meat I’m eating is from animals I’ve killed myself.”
As part of his diet Zuckerberg has been killing lobsters, goats, pigs and chickens but for the most part he says ”I’m eating a lot healthier foods. And I’ve learned a lot about sustainable farming and raising of animals,” he says. “It’s easy to take the food we eat for granted when we can eat good things every day.”
The goal was realized when he posted to his 800+ direct Facebook friends:
“I just killed a pig and a goat.”
Each year Zuckerberg focuses on a person goal, last year it was to learn Chinese and given his hunger to learn I wouldn’t be surprised if he’s already reached that goal.
Apparently Zuckerberg uses the most “humane” method for killing the animals, such as “cutting the goat’s throat” and he eats everything he kills, which in many ways is more economical and responsible then picking over the best pieces of meat in the supermarket. In fact Zuckerberg recently ate chicken heart and liver and all of the other parts that often get thrown away. read more
For the last 24 hours I have been receiving numerous emails from an account claiming to be Mark Zuckerburg, the founder of Facebook. While I would love the chance to sit down with the Facebook CEO, there is only one problem, the account is registered to Marc Zucckerburg (notice the spelling). The account not only features the face of the company’s founder, but claims that he wants to give me a free Apple iPhone, oh happy day!
Realizing immediately that Mark Zuckerberg was spelled incorrectly I reached out to Facebook using their basic spam forms, foolishly thinking they would realize the name and delete the account immediately, then I received a second message and a third via Facebook Messaging from Zucckerburg (all in a 24 hour period) so I decided to click on his “Cause” page included in the email (just for fun since I have a well guarded Macbook Pro) at which point I was immediately taken to (don’t click this link): http://www.facebook.com/pages/Face-Book-Giveaway/172228279494824 and then redirected seconds late to (again don’t click this link): http://prizebook.w2c.ru/facebook/award/index.php (notice its, a scam site that asks me to sign up and pay for various programs to receive my “free prize.”
After 24 hours the account remained in place so I then decided to abuse the Facebook system and click on “Report” followed by “Credible Threat Of Violence” and again on “Report” and “Sexually Explicit” I know those are not the proper uses of the system, but Facebook was ignoring an obvious bit of spam that I had already reported through proper channels. read more
How popular is Facebook? The Vatican this week has taken the social networking website beyond the grave, setting up a Posthumous account for Pope John Paul II.
The deceased pope is set to be beatified on May 1 and the Vatican in anticipation of that event has posted various video highlights, photos and other information from the pontiffs 27 years as the top official for the Catholic church.
It’s the first time the Vatican has tried to evangelize a member of the church using social media.
A Vatican official told the AP:
“What we found is that Facebook doesn’t just share information, it creates community,” while adding, “People begin talking to each other and sharing ideas.” read more
Mark Zuckerberg, the founder of Facebook experienced karma first-hand as Lovely Faces, a dating website, featured 250,000 profiles of men and women whose photos were scraped without permission from the social network.
Lovely Faces founders Paolo Cirio and Alessandro Ludovico used an automated software that scraped the photos and profiles of Facebook users over a period of time. In a site that explains their purpose for Lovely Faces, the duo was very clear about their plan: steal 1 million Facebook profiles, filter them with face-recognition software, and post them on a custom-made dating website sorted by their facial expressions characteristics. Here’s a more detailed explanation on how they did it. They also have a video to go with it. read more