Facebook creator Mark Zuckerburg has officially cashed out!!!
The 28-year-old boss earned a cool $20 billion today after his Facebook IPO closed.
The stock was originally priced at $38 a share but ended the day at $38.23. This is a bit lower than what many analysts predicted since Google stock was priced at $85 during it’s IPO in 2004 and finished at $100.34
Kevin Systrom and Mike Krieger are what I call game changers. The two 20-something year old founders of the photo sharing app Instagram announced earlier today that they have sold their company for $1 Billion to the folks over at Facebook. Mark Zuckerberg is coughing up the cash and stocks for the company.
The two men both graduated from Stanford prior to working for other tech companies leading up to the inception of Instagram 2 years ago.
In a statement on their website, the duo said “When we were kids we loved playing around with cameras — we loved how all the old Polaroid cameras marketed themselves as ‘instant’ (something we take for granted today). We also felt that the snapshots people were taking were kind of like telegrams in that they got sent over the wire to others — so we figured why not combine the two?”
Over the last year Instagram has accumulated over 30 million users.
The rumors of Ciara being dropped from her label last week hit the innanets harder than a right hook from Chris Brown on a red bone’s face. Everyone was buzzing about Ci-Ci being dropped from Jive due to low album sales. Welp, according to Ciara on her Facebook page, she has NOT been dropped from the label but is seeking to be released.
After reading this, I have a feeling there is going to be a “FREE CIARA” campaign starting up real soon.
To my fans:
This week the net has been a buzz of the rumor that I have been dropped from my label. At this point that rumor is false.. It is true that I have asked and I pray that my label will release me. I have had some great times and success with my label, but sometimes like all great things, it’s at that point where I feel we don’t share the same views on who I am as an artist. The past two albums have been very frustrating for me. At times there were songs I chose to lead a project and I was ignored! This project, I even tried to get “Gimmie Dat” started I spent tens of thousands of my own money only to hear the radio PDs tell me my label didn’t want the song played. I even spent more than one hundred thousand dollars out of my pocket on the video to bring my vision to it and still no label support. I do understand that some labels are not financially supporting their artists and I have become one of them. You, my fans, know that I strive to do my best to deliver to my you the best songs and creative vision I possibly can. I’m dedicated to my music, performance and to my fans! I’ve tried to be a team player with the label only to have compromised what I truly believed and was not given the right opportunity to promote and inform my fans of the release of this album. I have so much of me as an artist I still want to give to the world and my fans. A release would allow me to go be creative with people who care and understand me as an artist. In a short time, I will be able to bring to you a new music energy and a visual excitement! Thank you so much for standing by me through the good, bad, and the confusion. I love you all.