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Who Are the Under-the-Radar Facebook Investors? 
It’s no secret that Mark Zuckerberg will become an even richer man when Facebook shares begin trading. And you don’t have to look too hard to see his top lieutenants will do quite well also.
David Choe is certainly the most unlikely. A graffiti artist who spray-painted the first Facebook office in 2005, he opted to be paid in stock instead of taking $60,000 in cash. An odd decision, at the time, given that the company had only recently incorporated and was then limited to college and high-school students. But it’s one that will pay off soon.
That stock, according to Choe (who spoke on The Howard Stern Show in February), could be worth anywhere from $200 million to $500 million today. (He also added that he has since sold some of that stock on the private market, so it’s uncertain how much he still has.) Still, it’s not a bad payday for someone who convinced Zuckerberg to help him with the painting.
“I believed in Sean [Parker, Facebook’s founding president],” said Choe. “I was like, this kid knows something and I’m going to bet on him.”

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Who Are the Under-the-Radar Facebook Investors? 

It’s no secret that Mark Zuckerberg will become an even richer man when Facebook shares begin trading. And you don’t have to look too hard to see his top lieutenants will do quite well also.

David Choe is certainly the most unlikely. A graffiti artist who spray-painted the first Facebook office in 2005, he opted to be paid in stock instead of taking $60,000 in cash. An odd decision, at the time, given that the company had only recently incorporated and was then limited to college and high-school students. But it’s one that will pay off soon.

That stock, according to Choe (who spoke on The Howard Stern Show in February), could be worth anywhere from $200 million to $500 million today. (He also added that he has since sold some of that stock on the private market, so it’s uncertain how much he still has.) Still, it’s not a bad payday for someone who convinced Zuckerberg to help him with the painting.

“I believed in Sean [Parker, Facebook’s founding president],” said Choe. “I was like, this kid knows something and I’m going to bet on him.”

Full Story

Source: cnbc.com

    • #facebook ipo
    • #facebook investors
    • #facebook
    • #mark zuckerberg
    • #linkedin
    • #netflix
    • #zynga
    • #social media
    • #tech
    • #silicon valley
    • #CNBC
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  • cnbc Avatar Posted by cnbc
  • 1 year ago
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Private Facebook Investors Prepare for Final Trade Ahead of May IPO
It’s the end of an era.
Private market trading in Facebook – the company that created the need for secondary brokerages in the first place – will be suspended after this week as the company takes final steps toward its initial public offering slated for May, according to people familiar with the matter.
The decision to halt trades is to allow the social networking giant time to prepare its first-quarter audits and internal shareholder counts without the shareholder base in flux, these people say.
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Photo:Scott Eells | Bloomberg | Getty Images
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Private Facebook Investors Prepare for Final Trade Ahead of May IPO

It’s the end of an era.

Private market trading in Facebook – the company that created the need for secondary brokerages in the first place – will be suspended after this week as the company takes final steps toward its initial public offering slated for May, according to people familiar with the matter.

The decision to halt trades is to allow the social networking giant time to prepare its first-quarter audits and internal shareholder counts without the shareholder base in flux, these people say.

Full Story


Photo:Scott Eells | Bloomberg | Getty Images

Source: cnbc.com

    • #facebook
    • #facebook ipo
    • #facebook investors
    • #facebook public offering
    • #CNBC
    • #stocks
    • #investment
  • cnbc Avatar Posted by cnbc
  • 1 year ago
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