Erodov.com Forums | India's Top Technology forum.
Loading

navigation start navigation end
Go Back   Erodov.com Forums | India's Top Technology forum. > Lounge > Interesting News on the Web
Register Forgot Password?

 
 
Thread Tools Search this Thread
Old 30-06-11   #1
Jeebus
Pr[e]f[e]rr[e]d M[e]mb[e]r
forgiving your sins
 
 
RajaPraveen's Avatar

Interesting Mark Zuckerberg Is Now Richer Than Steve Jobs, Google Co-Founders, Steve Ballmer



According to a market valuation, Mark Zuckerberg, CEO of Facebook, might be the third wealthiest tech titan, just behind Oracle’s Larry Ellison and Bill Gates. What makes this even more interesting is that he’s by far the youngest.
Zuckerberg has been an up-and-coming star in the online business space. The truth is that Facebook, known at the time as "The Facebook", began as an experiment inside Harvard, where he studied. Compelled by its success, however, Mark quickly dropped out and slowly turned Facebook into the gold standard of social networking, at least at this point.

The recent value figures shouldn’t come as a surprise. Although Facebook hasn’t started an IPO yet, some investors have already privately bought Facebook stock. One of the recent buyers was GSV Capital, which purchased 225,000 shares from Facebook, each one valued at $29.28 on average. In all, the transaction was estimated to have been as high as $6.59 million. As pointed out by GSV Capital, these investments sharply increase the value of companies, as well as its owners and investors (hint: Mark):

This not only will give start-up companies and their investors big paydays but also give retail investors access to new high growth tech companies.

Based on the newest figures, Mark Zuckerberg’s net worth should amount to roughly $18 billion. That’s higher than many well-known tech icons, such as Steve Jobs, who is estimated to be worth around $8.3 billion, and Google’s co-founders Sergey Bin and Larry Page, estimated to be valued at $17 billion.

Facebook has resisted years of pressure to open an IPO, which could have increased the company’s cash flow dramatically. Publicly traded companies, however, also have to report to its shareholders, who can then influence many of the company’s decisions. Imagine how much Facebook’s stock would have dropped during the whole privacy fiasco just over a year ago, and how much pressure shareholders would have placed on the company’s management to change course. Without an IPO, the company has the freedom to make its own decisions without being held accountable to its shareholders.

There’s speculation that we’ll see an IPO next year. Around that time, the company should be valued at roughly $100 billion (up from $70 billion right now). Whether we see an IPO or not, one thing is certain: Facebook has gone a long way since "The Facebook".


More : Mark Zuckerberg Is Now Richer Than Steve Jobs, Google Co-Founders, Steve Ballmer | Redmond Pie
__________________
Yo Marco El Minuto
I know that human beings and fish can co-exist peacefully

RajaPraveen is offline   Reply With Quote
Old 01-07-11   #2
Jason Bourne
Community Moderator
Mushtakhanda !!!
 
 
ManISinJpr's Avatar

 
Join Date: Nov 2008
Location: Look back, Look in the fr
Posts: 21,838
ManISinJpr is extremely Noble
ManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely NobleManISinJpr is extremely Noble
Re: Mark Zuckerberg Is Now Richer Than Steve Jobs, Google Co-Founders, Steve Ballmer

Well the IPO is in 2012, he better start counting the zeros backwards.. if he so wishes and believes.
For the first time, from google's service ( as far as I have used ) this time Goog + is awesome.. plus according to Kid0.. Sky + is also coming up !!!
__________________






ManISinJpr is offline   Reply With Quote
Old 01-07-11   #3
Unelected
Administrator
Meum pactum dictum
 
 
vijayninel's Avatar
Rig Gallery
 
Join Date: Jan 2008
Location: The Matrix
Posts: 18,624
vijayninel is extremely Eminent
vijayninel is extremely Eminentvijayninel is extremely Eminentvijayninel is extremely Eminentvijayninel is extremely Eminent
Re: Mark Zuckerberg Is Now Richer Than Steve Jobs, Google Co-Founders, Steve Ballmer

Mark Zuckerberg may have become very rich in all this but the investors in the dotcom bubble 2.0 will be losing a lot of money when it bursts. Facebook is much too overvalued at 25-50 times its revenue and when earnings dont catch up with expectations the party will be all over.

Also in the line of the hyped dotcom bubble 2.0 are Twitter, Groupon, Linkedin and other so-called "social networking sites".

BTW .. one of them bit the dust today. Nescorp today sold Myspace for a huge loss.


DigitalDude and ManISinJpr like this.
__________________
Living in water and being an enemy of the crocodile is not good. - Proverb
vijayninel is offline   Reply With Quote
Old 01-07-11   #4
teh spamm[E]R!
[E]onian
is demotivated to do
absolutely anything!
 
 
BLuEBLOODED's Avatar

 
Join Date: Apr 2008
Location: Mumbai
Posts: 5,760
BLuEBLOODED is highly FamedBLuEBLOODED is highly FamedBLuEBLOODED is highly FamedBLuEBLOODED is highly FamedBLuEBLOODED is highly FamedBLuEBLOODED is highly FamedBLuEBLOODED is highly FamedBLuEBLOODED is highly Famed
Re: Mark Zuckerberg Is Now Richer Than Steve Jobs, Google Co-Founders, Steve Ballmer

MySpace was definitely one of the forerunners in the very same market around 2005, when 'TheFacebook' was changing names. From $580 million to $35 approximately, it just shows the bubble and its extent. That's right.
__________________
Used to be active here...

http://speedtest.10fastfingers.com/b...m_score_CK.png
Visit the Typing Test and try!

BLuEBLOODED is offline   Reply With Quote
Post New Thread  Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Steve Jobs: Adobe Is Lazy, Blu-Ray Is Mess and Google Wants to Kill iPhone vijayninel Interesting News on the Web 16 04-02-10 04:01 PM
Steve Ballmer Autographs MacBook vijayninel Interesting News on the Web 15 25-01-10 09:12 AM
Steve Ballmer calls Chrome OS "highly interesting," says Google "can't make up their vijayninel Interesting News on the Web 8 16-07-09 08:46 AM
Funny Steve Ballmer Th3 KiNg Everything Under the Sun 4 24-02-09 12:23 AM
Steve Ballmer says it's okay to skip Vista gamer Interesting News on the Web 0 20-10-08 01:20 PM


Tags
ballmer, cofounders, google, jobs, mark, richer, steve, zuckerberg
All times are GMT +5.5. The time now is 09:45 AM.
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.