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Facebook's Zuckerberg Gets $3.2B Richer in Single Day
Newsmax.com ^ | 1/31/2014 | Drew MacKenzie

Posted on 01/31/2014 12:28:36 PM PST by rktman

Facebook founder Mark Zuckerberg became $3.2 billion richer on Thursday after the company's stock soared by 14.1 percent to $61.08 a share.

The stock rise was credited to its quarterly results showing that revenues increased by 63 percent to $2.59 billion, beating analysts' estimates of $2.35 billion in projected sales, Bloomberg reports.

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: incomeequality
A ardent supporter of the "lyin' king" had this to say. "Income equaliiiii..... What was the question again?"
1 posted on 01/31/2014 12:28:36 PM PST by rktman
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To: rktman

He should enjoy it while he can. The kids are already moving away from FB onto other social media. By 2015, no one under the age of 20 will be using FB.


2 posted on 01/31/2014 12:32:41 PM PST by Zuben Elgenubi (NOPe to GOPe)
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To: rktman

He didn’t build that!


3 posted on 01/31/2014 12:35:20 PM PST by fso301
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To: rktman

These are notional values that cannot be realized. If he started to sell his stock in earnest, it would drop like a stone.

His wealth consists of whatever percentage of FB he owns, and that has not changed.


4 posted on 01/31/2014 12:37:54 PM PST by proxy_user
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To: Zuben Elgenubi

If he’s smart, he’ll convert it to bitcoin as soon as he can. ;>}


5 posted on 01/31/2014 12:37:54 PM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: proxy_user

“His wealth consists of whatever percentage of FB he owns, and that has not changed.”

Well, that and the $2.3 billion he cashed out after the IPO.


6 posted on 01/31/2014 12:40:46 PM PST by Rebelbase (Tagline: optional, printed after your name on post)
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To: rktman

Made his fortune by making it easier for college kids to get laid.


7 posted on 01/31/2014 12:40:47 PM PST by AU72
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To: rktman

Good for him. He had a good idea, had the right skills and had the chance like all other Americans to make billions. He is a true American success story.


8 posted on 01/31/2014 12:49:46 PM PST by Oliviaforever
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To: proxy_user

He sold at least a billion in the beginning, when it was selling sky high, so he really is a billionaire.


9 posted on 01/31/2014 12:52:04 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: AU72

Too bad a possible waxman replacement didn’t use fb to get some free condoms. ;>}


10 posted on 01/31/2014 12:53:46 PM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: Zuben Elgenubi

What social media sites are they moving to? FB is behind only google in alexa traffic rankings,s o I don’t see exactly what social media sites are overtaking it.


11 posted on 01/31/2014 12:55:44 PM PST by freedom462
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To: Oliviaforever

Oh, I don’t begrudge anyone that can make a bundle. Just don’t tout social justice and equality if you don’t pony up. Then again I don’t know what he donates or to..... well I do have an idea but I could be wrong.


12 posted on 01/31/2014 12:55:52 PM PST by rktman (Under my plan(scheme), the price of EVERYTHING will necessarily skyrocket! Period.)
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To: rktman

Rich today, gone tomorrow.


13 posted on 01/31/2014 1:10:51 PM PST by miss marmelstein (Richard Lives Yet!)
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To: Oliviaforever

I guess you didn’t see the Social Network movie?


14 posted on 01/31/2014 1:47:09 PM PST by Dr. Ursus
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To: rktman

Zuck: Yeah so if you ever need info about anyone at Harvard
Zuck: Just ask
Zuck: I have over 4,000 emails, pictures, addresses, SNS
[Redacted Friend’s Name]: What? How’d you manage that one?
Zuck: People just submitted it.
Zuck: I don’t know why.
Zuck: They “trust me”
Zuck: Dumb f*cks


15 posted on 01/31/2014 2:17:25 PM PST by Talisker (One who commands, must obey.)
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