7 years ago, a painter got a day’s job. Graffiti artist, David Choe was given the job of painting, Facebook’s headquarters and given the option of either getting paid in cash or in stock. Though Choe did not believe in the then young Facebook, he decided to accept stock. That was in 2005 and 7 years later, the stocks which were then a few thousand dollars worth are now worth a staggering $200 million. As Facebook files for IPO, such early ‘investors’ will now be able to cash their stocks. It is believed that several early employees of Facebook were offered shares of less than 1 %.
Facebook expects to raise $5 billion in the IPO, surpassing Google’s $1.9 billion.
FACEBOOK BY NUMBERS
845million monthly active users
483million daily active users
$668million profit in 2011
$3.7billion revenue in 2011
85% of that revenue came from advertising
$500,000 Mark Zuckerberg’s salary in 2011
$1 Mark Zuckerberg’s salary in 2013
0% Facebook’s ‘market penetration’ in China
483million daily active users
$668million profit in 2011
$3.7billion revenue in 2011
85% of that revenue came from advertising
$500,000 Mark Zuckerberg’s salary in 2011
$1 Mark Zuckerberg’s salary in 2013
0% Facebook’s ‘market penetration’ in China
