Zuckerberg donates $500 million in stock to charity

2:30 PM charity, donates, million, stock, Zuckerberg No Comments

Ben Popken , NBC News contributor

It's quite the Christmas gift. Facebook's CEO Mark Zuckerberg says he is donating nearly $500 million in company stock to charity in order to promote education and health initiatives.

A Facebook spokesperson confirmed to NBC News the gift of 18 million shares valued at their Tuesday closing price of $498,780,000. The sum was first announced by Zuckerberg via a status update on his Facebook page on Tuesday. The recipient is the nonprofit Silicon Valley Community Foundation, which helps donors manage and identify charitable funds that are in line with their philanthropic passions.

This gift is Zuckerberg's biggest ever. Before Facebook went public in 2010, he gave $100 million in company stock to Newark, N.J., public school districts. That same year, he signed The Giving Pledge, an effort led by Microsoft founder Bill Gates and investor Warren Buffett, where the world's wealthiest individuals commit to giving away most of their fortunes to charitable efforts.

In the status update, Zuckerberg wrote that the donation was " in order to lay the foundation for new projects" and that he is "hopeful we'll be able to have as positive an impact in our next set of projects."

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Facebook's Zuckerberg marries treasure

6:42 AM Facebooks, marries, treasure, Zuckerberg No Comments

PALO ALTO, Calif. -Facebook updated his status to "married" founder and CEO Mark Zuckerberg on Saturday.

Zuckerberg and 27-year-old Priscilla Chan bound the node in a small ceremony at his Palo Alto, California, home limit entitled a busy week for the pair to guest speak for the pair. The person spoke only on condition of anonymity.

Zuckerberg took his company public in one of the most anticipated story has quotes on Wall Street Friday. And Chan turned graduated from the Faculty of medicine at the University of California, San Francisco, on Monday, on the same day is 28, Zuckerberg said the person.

The couple met at Harvard University and have been together for more than nine years, said the person.

Zuckerberg developed the ring with a very simple Ruby"", according to the person who gave the following characterisation of the wedding.

Facebook's initial public offering cannot live up to the hype
The ceremony was held in the Zuckerberg backyard before fewer than 100 guests, who thought they were Chan's conclusion to celebrate it.

Guests have family style from the few Palo Alto favorite restaurants, Palo Alto Sol and fuki sushi eaten. Dessert was L.A. Burdick chocolate "Mice" that had the couple on their first date, the person said.

Even after the IPO continues to Zuckerberg Facebook the largest single shareholder, with 503.6 million shares. And he controls the company with 56 percent of the voting shares.

The site that was born in a dorm room eight years ago, has grown to a global network of nearly one billion people.

In 2004, Zuckerberg founded Facebook at Harvard University.

He was named time's person of the year 2010, at the age of 26.

Zuckerberg was born in Dobbs Ferry, New York.

Copyright 2012 of the associated press. All rights reserved. This material cannot be published, sent, rewritten or redistributed

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Zuckerberg his hoodie doffed should have?

8:30 PM doffed, hoodie, should, Zuckerberg No Comments

Eduardo Munoz / Reuters

Facebook Inc. CEO Mark Zuckerberg is accompanied this week by security guards to a meeting with potential investors. His tailoring choices for later meetings were not shown.

Facebook CEO Mark Zuckerberg is still drawing flak for the anxiety in his trademark Hoodie to a Central Bank this week show sponsored meetings with potential investors in New York. The meeting began the company planned nine "road show" shares sold to the public for the first time.

The landmark IPO is expected to almost $100 billion in value and deserves some analysts and experts have the opportunity, a suit and tie the social networking giant. "Investors he shows indeed that he not so much care;" Wedbush securities analyst Michael Pachter he goes to him, ", said Bloomberg TV. "I think this is a sign of immaturity." "I think that he to realize he is now launching investors as a new constituency, and I think that he show respect for them, they deserve, because he asks them for their money got."

Zuckerberg has occasionally known to dress up, but the Hoodie has become his trademark and is regarded as normal business attire in Silicon Valley in California, where Facebook is based. In Facebook public Roadshow video touting prospects of the company is Zuckerberg in a T-shirt.

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Distractions may delay upcoming Facebook IPO

10:06 PM Facebook, IPO, May, Zuckerberg No Comments

CNBC's Kate Kelly reports Facebook's Road Show is likely to begin May 14.

Less than two weeks before the potential launch of Facebook’s initial public offering roadshow, a string of acquisitions and other business distractions are threatening to delay the sale, say people familiar with the matter.

Facebook management has been eyeing a May offering, with a roadshow launch as early as May 7 and the start of trading late the week of the 14th, people with knowledge of the deal have said. But in recent weeks, Facebook founder and CEO Mark Zuckerberg has been more focused on running the business and making acquisitions than on preparing for the share sale, according to one of these people, making it hard for him and other managers to focus wholeheartedly on the IPO preparations.

As a result of that, Facebook is more likely to launch its roadshow on May 14, or even as late as the very end of May, say the people familiar with the matter. That is a start date that would likely delay the initial trading until early or mid-June. That’s because the Memorial Day holiday, which is May 28, will likely mean that the stock market is less liquid, and therefore less hospitable, to a new issue like Facebook for several trading days late in May, making it a bad time to be on the road or to launch trading.

Effectively, says one person familiar with the matter, Facebook is looking at a “Plan A, B, C, and a D” for its IPO.

A Facebook spokesman declined to comment on the expected timing of the deal.

Having a CEO like Zuckerberg whose bias is to hunker down and do his job rather than fixating on potential stock prices and investors may be more an asset than a liability. However, Zuckerberg’s surprise decisions to buy Instagram for $1 billion over the course of a weekend and a $550 million patent portfolio from Microsoft have created the need for additional financial disclosures with the SEC, say lawyers and other people familiar with the matter, and answering all the Commission’s questions could take additional time.

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