Story image

Facebook founders up US$2.3 billion

25 Oct 12

Facebook stock rose 19% following the company's third-quarter reports, with co-founders Mark Zuckerberg and Dustin Moskovitz collecting a combined US$2.3 billion in profits.

The social networking site published revenue of US$1.26 billion, representing a 32% increase from the $954 million in the same period last year in the financials yesterday, beating Wall Street expectations in the process.

Shares in the company closed at $23.23 a share last night, with CEO Zuckerberg collecting heavy gains of $1.8 billion, with Moskovitz making $495 million.

Facebook focused on the positives after Wednesday's report, as Zuckerberg highlighed the company's mobile gains.

“As proud as I am that a billion people use Facebook each month, I’m also really happy that over 600 million people now share and connect on Facebook every month using mobile devices,” Zuckerberg said.

“At the same time, we are deeply integrating monetization into our product teams in order to build a stronger, more valuable company.”

IDC: Smartphone shipments ready to stabilise in 2019
IDC expects year-over-year shipment growth of 2.6% in 2019, while the world's largest market is still forecast to be down 8.8% in 2018.
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
New app conducts background checks on potential tenants
Landlords and house owners need to obtain a tenant’s full name, date of birth, email address, and mobile number in order to conduct the search. And most importantly, they have to get the tenant’s permission first.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Meet Rentbot, the chatbot that can help with tenancy law
If you find yourself in a tricky situation  - or if you just want to understand your rights as a landlord or tenant, you can now turn to a chatbot for help.
PlayerUnknown’s Battlegrounds (PUBG) finally releases on PS4
PUBG on PS4 feels like it’s still in Early Access as the graphics look horribly outdated and the game runs poorly too. 
How AI can fundamentally change the business landscape
“This is an extremely interesting if not pivotal time to discuss how AI is being deployed and leveraged, both in business and at home.”