Word: thefacebook
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
It’s a decision Zuckerberg has had to make before. After all, this is not TheFacebook founder’s first foray into the world of tech business...
...general success of TheFacebook complicates the decision to accept large sums of venture capital money. It has already achieved the very thing startups strive toward, creating a self-sufficient company, but without the resources of venture capitalists...
...TheFacebook even generates revenue. Advertising income exceeds their operating costs (about $50,000 monthly in server costs and salaries for eight employees, press representative Chris R. Hughes ’06 says), giving the company freedom to invest the difference back into the company to pay for things like server and personnel expansions. Advertising is planned to cover those expansion needs and nothing more...
Aside from monthly salaries, each of Zuckerberg’s employees owns a portion of TheFacebook, to be collected if the company ever sells or goes public. But while salaries of full-time employees are equal, ownership in the company is not. Exactly how that is divided is not something Zuckerberg will discuss. For one, he says, the pie keeps changing. The company was first divided between Zuckerberg and Saverin only. As TheFacebook added new people, Zuckerberg cut them in. The shares have also shifted to reflect increasing roles. For example, as Moskovitz took on more and more responsibilities, Zuckerberg...
...added an expected $20,000 to TheFacebook’s monthly expenses. In total, Zuckerberg says the lawsuit filed by Divya K. Narendra ’04, Cameron S. H. Winklevoss ’04, and Tyler O. H. Winklevoss ’04 of Connect-U could cost TheFacebook upwards...