Facebook is now a publicly traded company. This site was created in May of to provide readers a breakdown of Facebook's top shareholders while it was privately-held. Now that shares are in the public markets, ownership will become significantly more expansive. Nevertheless, our profiles remain valid, and the percentages will likely remain decent approximations of ownership for most of If you like this kind of information, take a look at our site profiling Celebrity Venture Capitalists.
Thanks for reading! Raised in Dobbs Ferry, NY, Zuckerberg began writing software while in middle school and by the end of high school, he had co-written a music recommendation program called Synapse Media Player, which Microsoft and AOL reportedly offered Zuckerberg a million dollars to further develop.
After disciplinary action from the school's administration, Zuckerberg shut down Facemash and began "thefacebook," initially only available to Harvard students. Zuckerberg has since defended the site in intellectual property disputes and spurned buyout offers from Viacom, Yahoo! The 27 year old CEO owns Breyer, a managing partner at Accel, was hot for a big deal to impress Accel's less than enthusiastic limited partners.
Efrusy's due diligence uncovered Stanford users of Facebook who not only used the website, but literally obsessed over it, even missing their classes to "poke" friends.
Man, was this guy lucky to be Mark Zuckerberg's roommate? Currently the youngest U. Born in Washington D.
Moskovitz was an economics major before dropping out of college to relocate to Palo Alto, CA to work on Facebook full-time. Credited as both Vice President of Engineering and Chief Technology Officer, Moskovitz led the technical staff, oversaw the major architecture of the site, and was responsible for the company's mobile strategy and development.
He left Facebook in to start Asana , a company that builds project management software to help companies collaborate. Moskovitz was able to garner the title of "United States Youngest Billionaire" over Mark Zuckerberg because he is eight days younger than his fellow co-founder. Russian Internet holding company, Digital Sky , grabbed 1.
Digital Sky, which is largely backed by a wealthy Russian oligarch, is the owner of Facebook clone VKontakte, the largest social network in Russia. Under the direction of Managing Partner, Yuri Milner pictured , Digital Sky has also amassed sizeable positions in Zynga and Groupon , and is reportedly in talks to buy a substantial stake in Twitter. DST followed its initial stake in Facebook with large block purchases of stock from existing Facebook shareholders and employees. Acting as the business partner of "The Facebook," in , Saverin concentrated on developing advertiser relationships while Zuckerberg focused on product development.
When Facebook moved its operations to Palo Alto and Sean Parker gained more influence, Saverin ended up on the losing side of a power struggle. In , Saverin graduated magna cum laude from Harvard University with a B. However, as his name does not appear in the S-1 filing as a five percent owner, it's obvious that he's trimmed back his holdings substantially.
Currently living in Singapore. Saverin has been spreading his bucks around and is a major investor in a new social network called Qwiki , as well as Jumio , an online and mobile payment product. Part tech genius, part bad-boy, Sean Parker has displayed uncanny foresight and comprehension of Internet business strategy. However, his fondness for hard partying and run-ins with the law have also left him as the odd-man out in business ventures.
At the age of 16, Parker's Virginia home was raided by the FBI when he was caught hacking systems of Fortune companies. In , at the age of 19, he co-founded the file sharing and wrong-side-of -copyright-law music service, Napster. At a trendy Chinese restaurant in New York in , Parker met Facebook co-founder Mark Zuckerberg and became a mentor and advisor to the rising entrepreneur. Much like Napster, Parker was able to foresee Facebook's success and societal contributions only months into its inception.
Acting as the company's first President, Parker negotiated a deal with Facebook's first investors Peter Thiel and Accel Partners, giving Zuckerberg absolute control of the board of directors.
Ousted from Facebook in for a drug-related arrest, Parker went on to become Managing Partner of Founders Fund , a San Francisco-based venture capital shop. Parker still acts as an informal advisor to Zuckerberg. Initially structured as a loan, the financing later converted to a Nov 9, , am EST. Nov 8, , pm EST. Nov 8, , am EST.
Nov 2, , am EDT. Edit Story. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. The string of controversies has placed fresh scrutiny on the year-old tech executive and others in power at Facebook, including chief operating officer Sheryl Sandberg.
And the Wall Street Journal reported that Zuckerberg earlier this year told top executives at Facebook that the company was at war, and his approach has caused turmoil within the company.
Morale has declined , and multiple key figures within Facebook have departed. Zuckerberg is the founder, CEO, and chair of Facebook. Would he be willing to give up, say, his position as board chair? There have long been questions about whether too much influence within Facebook has been placed with Zuckerberg and, among some investors, pushes for him to renounce his position as chair of the board.
Facebook may be a publicly traded company, but Zuckerberg pretty much makes the rules. Shareholders in stocks of publicly traded companies have a certain set of rights related to that investment, including the right to vote on certain corporate matters, such as members of the board of directors, proposed mergers and acquisitions, or executive pay packages.
In most cases, one share of a stock equals one vote, but not always — including at Facebook. The Class B shares, however, are controlled by Zuckerberg and just a small group of insiders.
And every Class B share gets 10 votes. The company offers a wide range of mutual funds, iShares ETFs and closed-end funds. Meta is the fourth-largest holding of this fund, at about 2. Facebook Inc. Accessed Oct. Morningstar Inc. Class A. New York Times. Whale Wisdom. Vanguard Group Inc. BlackRock Inc. Company Profiles. Value Stocks.
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