These Interns Make More Than You Do
File under: WHAT?
The average salary of a Facebook intern is over $5,000 a month, according to recent research by Glassdoor.
That’s right, while many interns slave away for several months at internships unpaid, the average monthly paycheck for a Facebook intern comes in at about $5,622. What’s more, a software engineering intern rakes in a whopping $6,465 per month.
But Facebook interns aren’t the only ones rolling in dough…
Where are employees most satisfied in their jobs? Beer tasters at Sam Adams? Photographers at Playboy? Shoppers for Saks? Mickey at Disneyland?
The happiest employees on Earth work atFacebook.
That’s according to Glassdoor.com, the website where employees rate their own companies. For the second time in three years, Facebook has come out on top, with a 4.7 rating on a scale of one to five, meaning workers are generally “very satisfied.”
The upcoming tech reality TV show, titled “Start-Ups: Silicon Valley,” will air Nov. 5 on the Bravo network. It will give viewers a glimpse of just how competitive the start-up scene is, said Zuckerberg, who is the executive producer of the program.
Internet pioneer Mark Cuban has already cashed out of Facebook, selling all of his 150,000 of his shares, he told CNBC Monday on “Squawk on the Street.”
“I already sold it, I took my hit, my thesis was wrong. I thought we would get a quick bounce just about the excitement about the stock. I was wrong, and when you are wrong you don’t wait, you just get out. So I took a beating and left,” Cuban said..
Facebook stock was a trade and not an investment because there was an over issuance of shares, Cuban said.
The social networking giant issued 421 million shares, a move that Cuban said hurt the company’s stock price.
Lady Gaga is launching her own social network this Summer, but the niche social website isn’t meant to lure people away from Facebook, said Matthew Michelsen, CEO and founder of The Backplane, the start-up company that is building Lady GaGa’s social network.
Photo: Getty Images
Harvard Business School MBA candidates are preparing to hear from one of the school’s most high profile alumnus — Sheryl Sandberg. She’s the “Class Day” speaker ahead of graduation tomorrow. Unlike Facebook CEO Mark Zuckerberg, who never graduated from Harvard, Sandberg graduated from Harvard College in 1991, first in her major, economics, and graduated from Harvard Business School in 1995, getting her MBA “with highest distinction.”
Photo:Moritz Hager | World Economic Forum
Tumblr may soon be the next social networking buzz-name. Founded in 2007, it has grown into the world’s 12th-largest website. While it has some investor attention — the company is operating with $125 million so far — the question is whether the site can achieve profitability in the fiercely competitive world of online social media.
The company has yet to make profit, but that may soon change. The site had roughly 140 million unique visitors and clocked 18 billion page views in April alone. Harnessing this traffic for advertisers is the company’s next step.