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This was the first outside investment in Facebook. [ 59 ] [ 60 ] [ 61 ] In his book The Facebook Effect , David Kirkpatrick outlines the story of how Thiel came to make his investment: former Napster and Plaxo employee Sean Parker , who at the time had assumed the title of "President" of Facebook, was seeking investors for Facebook.
An investment report in 2011 valued the company at $50 billion. [8] Zuckerberg wanted to wait to conduct an initial public offering, saying in 2010 that "we are definitely in no rush." [9] But since by 2012 Facebook had more than 500 round lot (over 100 shares) stockholders, Facebook was subject to the SEC disclosure rules starting the next ...
Facebook provides a development platform for many social gaming, communication, feedback, review, and other applications related to online activities. This platform spawned many businesses and added thousands of jobs to the global economy. Zynga Inc., a leader in social gaming, is an example of such a business.
Peter Andreas Thiel ( / tiːl /; born 11 October 1967) is an American entrepreneur, venture capitalist, and political activist. [ 1][ 2][ 3] A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. [ 4][ 5] As of July 2024, Thiel had an estimated net worth of $11.2 billion and was ranked ...
First Sentier Investors, formerly known as Colonial First State Global Asset Management in Australia and First State Investments elsewhere, is a global asset management business that manages US$146.2 billion (as at 31 December 2022) in assets managed on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and clients worldwide.
Facebook has received a $200 million investment, which values the company at $10 billion. That may be setting a few folks, calling social-networking a fad, back on their heels today. ...
Eduardo Luiz Saverin ( / ˈsævərɪn / SAV-ər-in; Portuguese: [eduˈaʁdu luˈis ˈsaveɾĩ] ⓘ; born March 19, 1982) [ 4] is a Brazilian billionaire entrepreneur and angel investor based in Singapore. [ 5] Saverin is one of the co-founders of Facebook. [ 6] In 2012, he owned 53 million Facebook shares [ 7] (approximately 2% of all ...
Put It In This Index Fund. Anders Bylund, The Motley Fool. August 6, 2024 at 5:23 AM. Let's say you're new to the whole investing thing. Maybe you've got $1,000 of extra cash that won't be needed ...