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Mark Zuckerberg passes Warren Buffet to became world’s third richest man
- Thread starter BAD
- Start date
Wonder how much money he'll have left after Facebook collapses on itself. I'm sure he has a shit ton of investments elsewhere.
Lol, you're acting like the guy and his wife set up the Chan Zuckerberg Initiative.
You make me laugh.
Do people actually think Facebook is gonna go under anytime soon?
Facebook will just keep buying new and better social media platforms, like Instagram. It's the new Silicon Valley business model. Kill competitors with money.
I generally don't like how he's amassing so much wealth. He's basically recaptured advertising from cable TV and is selling people's personal info. I just do not see why he should deserve it. Its so fucking sleezy.
Facebook is so undeserving of your info. For example, Google will encourage you to enable location services and give you maps, an incredibly useful app.
Facebook is just like, fuck you and enable location services. Here are 3 shitty restaurants like Denny's that we highly recommend to you. Oh jeez, you didn't open facebook for 3 whole days, let's spam your friends to connect with you. Let's randomly redirect you to the wall feed so we get a few more ad views because fuck you, right?
Facebook is so undeserving of your info. For example, Google will encourage you to enable location services and give you maps, an incredibly useful app.
Facebook is just like, fuck you and enable location services. Here are 3 shitty restaurants like Denny's that we highly recommend to you. Oh jeez, you didn't open facebook for 3 whole days, let's spam your friends to connect with you. Let's randomly redirect you to the wall feed so we get a few more ad views because fuck you, right?
Facebook's market cap is about 4 times larger than Disney and twice as large as Walmart. If it were to just collapse on itself it would likely trigger a huge market collapse. For some comparison. Bear Stearns had a market cap of around 20 billion when it collapsed. Facebook is over 500 billion.
For as much as Zuckerberg has committed to donating his wealth, I don't get why people rip on him so much. Most of it seems to just be about his appearance too.
Back in 2008 people said Myspace was too big to go under, and it went under in a hurry
Plenty to criticize about Facebook and Zuckerberg's political aspirations, but these guys are not the billionaires you target for being greedy hoarders. I don't know much about what Bezos does, but Zuckerberg, Gates, and Buffet are giving hundreds of millions to causes they feel worthy. There are plenty of billionaires who do nothing.
Facebook is several orders of magnitude than MySpace ever was. It's not even close. Of course, Facebook could eventually disappear. No company is infallible. Almost any company would love to be in the position Facebook is in going forward. They're a company that has made a lot of good bets and investments and it would take a ton of bad bets and investments for them to go away. Companies the size of Facebook don't disappear even if their central revenue is killed. They have enough money and experience to pivot if necessary.
https://www.recode.net/2017/7/10/15...ropy-mark-zuckerberg-initiative-cure-diseases
Pretty much all that they get from Facebook yeah
For comparison. At its peak Myspace was valued at around $15 billion. Facebook is worth over $500 billion. Zuckerberg controls a company that's valuation is higher than Sweden's GDP. Facebook can still fail but it would be like GE is failing. Not like Myspace did.
These tech companies have a much farther reach than any of the big dogs had before. Also tons of brand loyalty. FB, Whatsapp, and Instagram have way more loyalty than Myspace did.
Facebook is way bigger than Myspace ever was. Plus it owns Instagram and WhatsApp, two of the most popular apps in the world.
I'm not saying it'll never die, but something huge will have to change that Facebook can't buy or copy.
Do you ever think about how if you got 1% of these guys' daily income once it would change your life forever and they wouldn't even notice
This system is fucking broken regardless of how much he gives to charity. Nobody should be this rich.
This system is fucking broken regardless of how much he gives to charity. Nobody should be this rich.
If I had a product or service to sell, I would use Facebook ads instead of paying TV networks or radio stations or newspapers.
Mark Zuckerberg had a great business plan idea. So, good for him, I guess.
Mark Zuckerberg had a great business plan idea. So, good for him, I guess.
It's probably the same kind of people that were all like "mission accomplished" after huge backlash caused EA's and Facebook's stock values to drop a bit more than you'd normally see during market fluctuations.
The vast majority of his networth is not in money, but in his Amazon stock.
He sells a billion worth of amazon stock each year to fund his Blue Origin company. Other than that I don't think he really uses his wealth for much beyond the occasional investment.
He gives 99% of it to a """""charity"""""" that is scummy as fuck. Have you ever read about the "charity" he gives to? It's basically a scam set up to make him more money.
https://www.nytimes.com/2015/12/04/...-mark-zuckerbergs-altruism-helps-himself.html
It's not a charity. It's a non-profit LLC he created to abuse a tax loophole which will let him reclassify angel investments (not donations) as charitable donations. Meaning he is using this LLC to make tax-free investments on technologies. Again, not donations, investments.
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This is the ugly, dangerous reality you and the rest of us live in, inflamed by FB and its head honchos' actions and lack thereof:
https://www.washingtonpost.com/tech...ge-analytica-examining-statements-tech-giant/
https://www.bloomberg.com/news/feat...nto-a-weapon-with-a-little-help-from-facebook
https://www.bloomberg.com/news/arti...hat-you-send-to-other-people-on-messenger-app
https://www.washingtonpost.com/news...rg-facebook-hearing-congress-house-testimony/
You have ALOT of learning to do.
are you aware that his "charity" is really just untaxed investments? That it literally isn't a charity, but an LLC?
He's not giving up his wealth. He's literally acting as an angel investor through a tax-free LLC.
He's vowed that any profits made from it will go back into the LLC. From what I've read, he's not seeking to make an earning from it.
You feel that way about athletes and actors too? I know they're getting peanuts compared to these guys and even the owners but it's still so much cash.
