Bob Hubbard
September 24th, 2010, 06:04 PM
The founder of facebook gave mega millions to charity today.
My question is, how did this young kid become a billionaire owning facebook?
I don't belong too facebook, but I know it's free to join, so how is facebook making it's money to propell this dude into being a billionare?
Bob
SoonerLS
September 24th, 2010, 10:33 PM
Venture capital and data mining. He's not donating real money, he's donating stock in the company.
Frogman
September 24th, 2010, 10:54 PM
Venture capital and data mining. He's not donating real money, he's donating stock in the company.
And advertising revenue.
Watch. Learn. Decide if Facebook is something you REALLY want to be on.
YouTube - FACEBOOK: Federal Human Data Mining Program (http://www.youtube.com/watch?v=OwnTWZ1-UWY)
Bob Hubbard
September 24th, 2010, 11:51 PM
Man those are some interesting facts to think about.
Who knew?
Bob.
kustomizingkid
September 25th, 2010, 01:15 AM
Facebook lol.... stupid bs....
BAD97LSC
September 25th, 2010, 07:54 AM
yeah well that s.b made him worth 17 billion dollars, i'll take s.b for 17 billion alex!!!
SoonerLS
September 26th, 2010, 09:35 PM
yeah well that s.b made him worth 17 billion dollars, i'll take s.b for 17 billion alex!!!
He's worth that according to analysts, based primarily on the value of his stock in Facebook. Of course, Facebook is a private company, so they pretty much pulled that "net worth" figure out of their butts, once again putting the "anal" in "analyst."
Obviously, his stake in Facebook is worth something, but, until he sells out or the company goes public, any number attached to it is simply a guess.
Mike P
September 26th, 2010, 11:27 PM
He's worth that according to analysts, based primarily on the value of his stock in Facebook. Of course, Facebook is a private company, so they pretty much pulled that "net worth" figure out of their butts, once again putting the "anal" in "analyst."
Obviously, his stake in Facebook is worth something, but, until he sells out or the company goes public, any number attached to it is simply a guess.
exactly its all about what it "could" be worth. It does have ad revenue but if his company ever goes public, look at him probably surpassing Gates and Buffet as the richest. If hes worth that much on a privately owned company can you imagine if the stocks have value.
