Mark Zuckerberg news stories on Newser

Why I'm Saying Goodbye to 'Facebookistan'

Mark Russell — Thu, 24 May 2012 13:21:14 CDT

Four years and 4,000 friends later, Steve Coll is calling it quits when it comes to Facebook. It's not that Coll doesn't find Facebook useful or understand its appeals. To Coll, quitting what one of his colleagues has dubbed "Facebookistan" is an exercise in citizenship, his protest against the...

Analyst on Facebook Flop: Hoodie Scared Investors

Kevin Spak — Wed, 23 May 2012 14:06:05 CDT

Why is Facebook's stock languishing well below its IPO asking price? Blame Mark Zuckerberg's hoodie, says Michael Pachter. The Wedbush securities analyst was widely snickered at a couple weeks ago for complaining that Zuckerberg shouldn't have worn the hoodie on Facebook's "roadshow" for investors. Now, he says he's been vindicated....

Shareholders Sue: Morgan Stanley, Zuckerberg, Facebook

Kate Schwartz — Wed, 23 May 2012 08:37:17 CDT

Good thing Mark Zuckerberg has that new bride to be excited about, because his new billions are only bringing him headaches. Shareholders today filed a suit against Zuckerberg, Facebook itself, and a number of Morgan Stanley-led banks, arguing that all three kept secret a "a severe and pronounced reduction" in...

Why Zuckerberg Got Married the Day After the IPO

Evann Gastaldo — Mon, 21 May 2012 10:39:05 CDT

How romantic: Turns out the timing of Mark Zuckerberg's surprise weekend wedding may have had more to do with financial savvy than anything else, Reuters reports. California has community-property laws, meaning that any property created during the marriage should be split evenly in a divorce. In the case of Zuck's...

Meet the New Mrs. Zuckerberg

Matt Cantor — Mon, 21 May 2012 09:04:04 CDT

Priscilla Chan has updated her status from Mark Zuckerberg's girlfriend to wife . Though we've long known she's the proud owner, with Zuckerberg, of a Hungarian sheepdog named Beast whose "favorite thing in the world [is] pooping on Mark's white rug," she has managed to fly largely under the radar. Hungry...

Mark Zuckerberg Gets Married

Kate Schwartz — Sat, 19 May 2012 20:35:14 CDT

This is the week to end all weeks for Mark Zuckerberg, who married 27-year-old Priscilla Chan at a small ceremony at his Palo Alto, California, home today. It was no average week for his new wife, either: Chan graduated from medical school at the University of California, San Francisco, on...

Tech's Richest Hate Showing Off Wealth

Matt Cantor — Fri, 18 May 2012 16:10:05 CDT

Facebook's staff may be full of zillionaires, but don't expect Ferraris in the parking lot. Silicon Valley, where almost 14% of homes earn more than $200,000 per year, is deeply opposed to conspicuous consumption—hence Mark Zuckerberg's iconic hoodies and Facebook COO Sheryl Sandberg's underground house. "The message here...

Facebook IPO Ends Flat: Right Back at $38

John Johnson — Fri, 18 May 2012 15:15:43 CDT

Facebook's big day is over, though its IPO didn't meet Wall Street's expectations. Some highlights: Rise and fall: Shares opened at $38, rose quickly to $42, then sank again to $38 before underwriters stepped in to keep the price up, reports the Wall Street Journal . Shares closed about where they...

Keep Track of Zuck's Wealth—in Real Time

Matt Cantor — Fri, 18 May 2012 12:27:05 CDT

Just how rich is Mark Zuckerberg? The answer is changing rapidly, but the Wall Street Journal will keep you posted. Facebook's IPO has helped make Zuck one of the world's richest people. Of course, his wealth is shifting along with the stock price—so the Journal is providing a real-time...