Breaking News:
It’s been a year since the Facebook IPO. Not everyone was drinking champagne that day. (Photo credit: CNBC’s Sally Shin)
BREAKING: Facebook announces “Facebook Home” on Android in an effort to create world’s “great social phone”.
SEE: http://cnb.cx/10zkOx5
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…
Source: cnbc.com
And the Best Place to Work in 2013 Is…?
Where are employees most satisfied in their jobs? Beer tasters at Sam Adams? Photographers at Playboy? Shoppers for Saks? Mickey at Disneyland?
No.
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.”
Satisfied despite the bashing the company has taken both in the media and the stock market since the IPO.
Source: cnbc.com
Randi Zuckerberg Talks Up Silicon Valley Reality Show
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.
Source: cnbc.com
Mark Cuban on His Facebook Shares: ‘I Took a Beating’
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.
Source: cnbc.com
Nasdaq Offers $40 Million for Facebook Compensation
Nasdaq OMX Group proposed a “one-time” payout of about $40 million to compensate some financial firms that suffered losses from botched trades during the Facebook IPO.
Source: cnbc.com
Is Lady Gaga a Facebook Killer?
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
Source: cnbc.com
Facebook Weighs Possible Listing With NYSE from Nasdaq
Facebook, which had a disastrous initial public offering with the Nasdaq last week, is now considering a listing with the New York Stock Exchange, a source told CNBC.
Source: cnbc.com
Facebook COO Sheryl Sandberg Goes Back to Harvard
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
Source: cnbc.com
Why Tumblr May Be the Next Tech Buzz Word
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.
Source: cnbc.com











