Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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Lives in a rented home and drives a $13000 car.
WTF he's in Americas rich list above steve jobs from apple.
I was thinking the other day how he made money from face book.
Is it just from advertising?
Quite interested in seeing the new film out
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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corsayoung
Member
Registered: 10th Feb 09
Location: Cheltenham
User status: Offline
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Yea just advertisment i think, but think about it, facebook will be just like myspace, bebo, MSN in a few years time....... a thing of the past, and there will be a better newer social networking thing to come. He may be worth £4.4bn now but if he doesnt sell up soon and leaves it a bit too late then he may end up with a dieing website and start to lose some of that wealth
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DannyB
Premium Member
Registered: 6th Feb 08
User status: Offline
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FB is miles ahead of Bebo and Myspace in regards of membership/advertisements etc, he turned down an offer from Yahoo for something like 700million dollars a few years ago.
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John
Member
Registered: 30th Jun 03
User status: Offline
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quote:
Originally posted by corsayoung
Yea just advertisment i think, but think about it, facebook will be just like myspace, bebo, MSN in a few years time....... a thing of the past, and there will be a better newer social networking thing to come. He may be worth £4.4bn now but if he doesnt sell up soon and leaves it a bit too late then he may end up with a dieing website and start to lose some of that wealth
You don't start losing wealth if the site dies 
He'll just be rich with no site.
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DannyB
Premium Member
Registered: 6th Feb 08
User status: Offline
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I can't see anything else coming along that will be betetr than FB in terms of social networking, I think he'll do just fine.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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That's private wealth by the way. Not assets and shiz
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by Tomnova16
Lives in a rented home and drives a $13000 car.
WTF he's in Americas rich list above steve jobs from apple.
I was thinking the other day how he made money from face book.
Is it just from advertising?
Quite interested in seeing the new film out
The film will be utter garbage mate. Nothing like the real events.
Essentially in 2004 while at university, he made www.thefacebook.com - a site of profiles for people on campus to use, with a rating system almost just like 'hotornot'.
Shortly, after setting up this, he was approached by a few parties offering funding and it is rumoured he received around $12 mil initial funding including investors such as the CIA (which makes sense for them).
They kept growing the site and changed it to facebook.com.
Facebook is not IPO'd (not available on the public stock market) - so it's valuation of the shares are based on the price people are paying at any point. A few years ago microsoft bought a couple of % for $120 million which valued the site in the billions.
in 2009 the site was valued at $7 billion.
in 2010 the site is valued at $23 billion.
Mark Zuckerberg still owns a large proportion of the site, therefore is worth 'billions'.
How cash rich he is I don't know. I'm sure he's fairly rich and he may have already sold some share in the site in exchange for a cash deal - but ultimately most of his wealth is solely on paper. So if Facebook TANKED (which it wont anytime soon) then that wealth would decrease greatly.
- So how does facebook make money? Advertising and in particular - TARGETTED advertising.
When you put your personal info on that site, your age, gender, interests etc, this allows them to offer advertising space targetted directly at the people who the publishers want it to be seen by. E.g. if your interests say you like going to the gym, you'll get adverts for muscle stuff. etc
Now they have location (facebook places) then they can target their adverts at your location too increasing the premium.
Ultimately the fact the site has everyone on there makes it fairly hard to be beaten, as no competitor can offer a place your friends already use.
As I say though... the film will be nonsense - looking at the trailer it makes it look like it's going to be a glamous journey.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Do you have a youtube video about it Paul?
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Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
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Between Zuckerberg and the 3 other blokes that made the site, they own around 38% of 'Facebook'. Who owns the rest? Shareholders?
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John
Member
Registered: 30th Jun 03
User status: Offline
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Bill Gates still has $55 billion according to the radio earlier on, easily the coolest guy on the planet after Mr Flowers.
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kz
Member
Registered: 9th Aug 02
Location: Southend, Essex Drives: Mini Cooper S
User status: Offline
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He's a cunt he wants to overtake the internet so that everything we do online is via Facebook.
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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quote:
Originally posted by kz
He's a cunt he wants to overtake the internet so that everything we do online is via Facebook.
Bit like Brin and Page with Google to be honest....
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Havoc
Banned
Registered: 9th Aug 10
User status: Offline
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the targetted advertising doesn't seem to work on my page, i dont play the lotto online, dont want a home hub and already have broadband
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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Fair play to him I say, I can't see anything better come along anyway, but even if it does, it's not like he's gonna be bothered when he's now loaded
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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the downfall of facebook willbe the fact they keep fucking with it, its over coded as it stands right now and as a reslt is slow and buggy starting to use it less and less because of this
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Winemaker
Member
Registered: 8th May 07
Location: Down Under
User status: Offline
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quote:
Originally posted by Steve
the downfall of facebook willbe the fact they keep fucking with it, its over coded as it stands right now and as a reslt is slow and buggy starting to use it less and less because of this
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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If I was him I would sell up as soon as possible and not risk it going tits up, but thats just me. Id take the billions and walk, not like you are going to go hungry is it
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Ben D
Member
Registered: 25th Apr 05
Location: South West
User status: Offline
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This guy just made a $100Million donation to some education fund  He's definitely not worried about being skint anytime soon!
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by Ben D
This guy just made a $100Million donation to some education fund He's definitely not worried about being skint anytime soon!
Don't forget donations are tax deductable 
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Ben D
Member
Registered: 25th Apr 05
Location: South West
User status: Offline
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His motive behind the donation was to enhance his image as he is due to be painted in a particularly bad light in the upcoming facebook film which depicts him as some sneaky little rat who stole the idea for facebook
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luciaadr
Member
Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline
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quote:
Originally posted by Paul_J
quote:
Originally posted by Ben D
This guy just made a $100Million donation to some education fund He's definitely not worried about being skint anytime soon!
Don't forget donations are tax deductable
So's taking all the staff to a strip joint, or buying stationery.
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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Yeah but this way he looks like a hero and the most of the money would've gone on tax anyway.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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read about him in the sun. what an interesting guy
he is a legend.
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by DannyB
I can't see anything else coming along that will be betetr than FB in terms of social networking, I think he'll do just fine.
I dont know.. theres always something better around the corner, something more unique.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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"If you are not paying for it, you’re not the customer; you’re the product being sold."
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