As soon as the ink dried on Facebook’s acquisition of messaging application WhatsApp, industry leaders questioned whether the social network overpaid with its $19 billion buy. So why did Facebook do it? WhatsApp Co-Founder Brian Acton discussed how the company can help Facebook in the future at an event in Palo Alto, Calif., Wednesday night, hosted by Stanford University-spawned startup incubator StartX.
Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, have repeatedly displayed their commitment to charitable giving and education, and the power couple took another giant step Thursday with their announcement of a $120 million pledge to aid schools in low-income communities in the San Francisco Bay area.
Facebook finished at No. 3 overall and No. 2 among the 12 tech companies included in the list of Top 25 Companies for Compensation & Benefits released Friday by social jobs and career community Glassdoor.
Facebook Co-Founder and CEO Mark Zuckerberg spent more than $43 million last October to buy four homes adjacent to his residence in Palo Alto, Calif., in the interest of protecting his privacy, but he is now facing a lawsuit filed by Mircea Voskerician, a developer who planned to build on one of the lots behind Zuckerberg’s home.
Irony at its best: On the same day that Facebook users are lashing out about another change to the social network’s privacy settings, the San Jose Mercury News reported that Facebook Co-Founder and CEO Mark Zuckerberg spent more than $30 million to buy four homes that are adjacent to his residence in Palo Alto, Calif., in the interest of protecting his own privacy.
The cover of the Oct. 28 issue of Fortune features a look at “The Real Story” behind Facebook Chief Operating Officer Sheryl Sandberg, and in the magazine’s profile, Facebook board member Marc Andreessen discusses how “Sheryl” has become a job title.
Facebook Co-Founder and CEO Mark Zuckerberg has a cameo role in Terms and Conditions May Apply, a documentary about Internet security and privacy, but Zuckerberg didn’t even know he was being filmed, Director Cullen Hoback told AFP, as reported by The Telegraph.
Facebook is under fire for rejecting an ad from politically active mobile carrier Credo Mobile that criticizes FWD.us, the political advocacy group spearheaded by Facebook Co-Founder and CEO Mark Zuckerberg, but the ad included a picture of Zuckerberg, in clear violation of the social network’s advertising policy.