Mark Zuckerberg gives away $95 million Facebook shares in charity

By on August 20, 2016 at 2:30 PM.

Mark Zuckerberg gives away $95 million Facebook shares in charity

In the first gesture to fulfil their pledge that he and his wife made last year, Facebook CEO Mark Zuckerberg has sold $95 million of the social networking giant's shares. According to a US regulatory filing, The Chan Zuckerberg Foundation and CZI Holdings LLC sold Facebook shares worth $95 million before taxes. "The sales likely netted more than $85 million after capital gains taxes, the report added. The couple plans to give away no more than $1 billion worth of stock each year through 2018. Last December, Zuckerberg and his wife Priscilla Chan pledged to donate 99 percent of their Facebook shares -- about $45 billion -- to advance human potential and promote equality for children. More →
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Facebook now has 1.71 billion monthly active users; users on mobile up 20 percent to 1.57 billion

By on July 28, 2016 at 10:35 AM.

Facebook now has 1.71 billion monthly active users; users on mobile up 20 percent to 1.57 billion

Facebook has come out with its quarterly report which states that with a strong revenue and profit growth, the social networking giant has added 60 million monthly users in the second quarter of 2016. Now the total monthly active users has reach 1.71 billion users while and a revenue of $6.44 billion which is much higher from the earlier estimates of $6.02 billion. Facebook's operation raked in $2.05 billion in profit compared to $719 million last year. Wall Street on Thursday reacted to the positive earnings with a 7.5 percent surge in Facebook's shares ($132 per share) in after-hours trading. More →
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Facebook’s solar-powered plane Aquila makes first full-scale test flight

By on July 22, 2016 at 8:50 AM.

Facebook’s solar-powered plane Aquila makes first full-scale test flight

About two years ago Facebook revealed its plans to provide internet to remote parts of the world through unmanned drone airships. The company has now successfully conducted first full scale test flight of its solar powered plane, Aquila.  According to Facebook, the original mission was to fly Aquila for 30 minutes, but things went quite well and therefore it was decided to keep the plane up for 96 minutes. More →
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Mark Zuckerberg responds to Facebook Live video of Philando Castile’s shooting

By on July 8, 2016 at 10:44 AM.

Mark Zuckerberg responds to Facebook Live video of Philando Castile’s shooting

Reacting to the fatal shooting of a black man in Minnesota which went viral on social media after it was uploaded on Facebook Live, the company's CEO Mark Zuckerberg said his heart went out to the family. The killing of Philando Castile, 32, who was shot by a police officer after a traffic stop on Wednesday, created a furor across the US and on social media. Castile's girlfriend Diamond Reynolds went live on Facebook immediately after her fiancé was shot by police in his car. More →
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Mark Zuckerberg’s obsession with walls angers his neighbors in Hawaii

By on June 29, 2016 at 4:10 PM.

Mark Zuckerberg’s obsession with walls angers his neighbors in Hawaii

Back in 2014, Facebook CEO bought a beautiful house on the Hawaii land of Kauai, for which he paid more than $100 million. Now, Zuck has decided to build a wall around this house, no-no, not the ‘What’s on your mind?’ kind of wall, like a real wall. However, his neighbors seem to be pretty mad about it as apparently this wall blocks the view and the breeze from the ocean. More →
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US President Barack Obama and Mark Zuckerberg to discuss tech on Facebook Live this week

By on June 23, 2016 at 3:50 PM.

US President Barack Obama and Mark Zuckerberg to discuss tech on Facebook Live this week

US President Barack Obama is scheduled to participate in a Live video session with Facebook CEO Mark Zuckerberg this Friday, as part of a summit to encourage and connect tech entrepreneurs, Reuters reports. After the Live video with Zuckerberg, Obama will be talking with four other entrepreneurs from around the world via Google. More →
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Mark Zuckerberg puts tape over his webcam, and here’s why you should too

By on June 23, 2016 at 2:45 PM.

Mark Zuckerberg puts tape over his webcam, and here’s why you should too

Facebook CEO Mark Zuckerberg recently posted a photo to announce Instagram’s 500 million users milestone. The photo though went viral after a Twitter user called Chris Olsen, zoomed into his picture to point out that the laptop on his work station, assuming that’s his, had tape stuck on the webcam and the audio port. More →
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Facebook shareholders decide to give Mark Zuckerberg full control of the company

By on June 21, 2016 at 10:46 AM.

Facebook shareholders decide to give Mark Zuckerberg full control of the company

Facebook has approved the creation of 5.7 billion new shares of Class C stock that will keep its CEO Mark Zuckerberg in control as long as he is associated with the social networking giant. The decision, taken at its annual shareholders' meeting on Monday, will help Zuckerberg keep voting control and allow him and his wife Dr Priscilla Chan to boost philanthropic activities without diluting the voting control, venturebeat.com reported. More →
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Facebook CEO Mark Zuckerberg’s Twitter, LinkedIn, Pinterest accounts hacked and defaced

By on June 6, 2016 at 10:25 AM.

Facebook CEO Mark Zuckerberg’s Twitter, LinkedIn, Pinterest accounts hacked and defaced

Mark Zuckerberg maybe the founder and CEO of Facebook, but that doesn't mean he doesn't have accounts on other social platforms. He clearly, however, doesn't seem to care a lot about these accounts, as some of them were temporarily hacked over the weekend. A group of hackers called OurMine Team were able to get access to Zuckerberg's LinkedIn, Pinterest and Twitter accounts, Venturebeat reports.  More →
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Facebook to set new rules if Zuckerberg decides to quit

By on June 3, 2016 at 3:20 PM.

Facebook to set new rules if Zuckerberg decides to quit

Mark Zuckerberg, who holds majority voting control of the social networking site, may not be an absolute power at Facebook if he decides to quit or his services are terminated in the future. According to a regulatory filing by the Facebook board to the US Securities and Exchange Commission on Thursday, the board will ask shareholders at its annual meeting on June 20 to vote on a proposal that would convert Zuckerberg's Class B shares into Class A shares if he ceases to be at the helm, PCWorld reported. More →
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