Jim Breyer, who has been on Facebook’s board of directors since 2005, will leave his position in June, according to a form 8-K filing. Facebook reported that Breyer will not be up for re-election, and that his final meeting will be June 11. In a statement, Breyer said he is stepping down to focus more on his position with the Harvard University Corporation Board.
FWD.us, the political advocacy group spearheaded by Facebook Co-Founder and CEO Mark Zuckerberg, added some tech muscle, as Microsoft Co-Founder and Non-Executive Chairman Bill Gates, Microsoft CEO Steve Ballmer, Microsoft General Counsel and Executive Vice President Brad Smith, and former Facebook President Sean Parker joined the group.
Granted, it’s only one seat, but critics of Facebook’s board of directors bemoaning the lack of women, aside from Chief Operating Officer Sheryl Sandberg, will likely welcome the addition of University of California, San Francisco Chancellor Susan Desmond-Hellmann.
Early Facebook investor and Accel Partners Managing Director Jim Breyer sold 3,563,387 class-A Facebook shares at a weighted average price of $22.7736 per share at or around Oct. 25, according to a filing with the Securities and Exchange Commission.
The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.
Facebook’s initial public offering will make some already wealthy folks a lot deeper pocketed. But some have already cashed out, and now we know who.
Booyah, the company which recently raised a $20 million round from Accel Partners, has launched an in-app promotion within the MyTown application that lets users win Facebook Credits. While it is a short-term promotion, it’s one of the first we’ve seen where game users are rewarded with Facebook Credits rather than having to use those credits to purchase something. Even more significant is that this is one of the first off site Facebook Credits integrations we’ve seen.