SAN FRANCISCO – As a pinnacle to a packed week, Facebook creator and CEO Mark Zuckerberg used his profile to announce his marriage to long-time girlfriend of nine years Priscilla Chan on Saturday.
Zuckerberg married Chan, who he met while still at Harvard, in a ceremony so secret, even guests didn’t know it was a wedding until they arrived at his home, in what they thought was a party to celebrate Chan’s doctorate graduation.
Chan graduated from medical school at the University of California, San Francisco on Monday, incidentally also Zuckerberg’s 28th birthday, and the same week Facebook became a public company.
Picture shared by Zuckerberg on his Facebook profile, Saturday
According to San Jose Mercury News, the wedding was attended by less than 100 guests, though Zuckerberg seems to have switched from his trade-mark hoodie to a suit for the occasion.
The wedding was apparently not planned around the IPO, whose date was a “moving target” said Mercury News sources.
Zuckerberg retained some 56 percent of Facebook’s voting stock when the company hit the Nasdaq on Friday, with 503.6 million shares.
Some investors were disappointed by the firm’s first day’s performance in the public markets, as stocks failed to skyrocket as predicted, closing almost level with their $38 starting price.
Mostly agree to all the points. Its hard to comment on worth of the stock, without much insight into monetization plans. But users are spending more and more time on Facebook. Theoretically, if Facebook introduces search feature as a way to mine data, I cannot see why they can't take a bite out of Google's (and others) revenue? (Ofcourse, this doesn't warrant 105bn market capitalization).
For a start, there are billions of Facebook shares, which means the Earning Per Share is going to be abysmal. Secondly, this whole social media business is like a castle built on sand. Indeed, it would not take much for large numbers of people to switch to other providers or turn off their accounts altogether (e.g. in protest). What's the worth of Facebook then?? Thirdly, Facebook's monetising value has yet to materialise, so the jury is still out. In view of the above, do you really believe Facebook to be worth more than Google, GM etc.? No way....
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