Zuckerberg Abandons Top 40 Richest People List

Zuckerberg Abandons Top 40 Richest People List

The news of Facebook going public was thought to bring along heavy cash and plenty of fortune for the company and its founder, Mark Zuckerberg. It turns out that Zuckerberg has undergone an experience that has shaped into something altogether different. With over 900 million users, the company founded by Zuckerberg in 2004 got registered on the Nasdaq Stock Exchange on May 18, 2012. The initial value of its share was traded at $38. As days passed, the value of Facebook shares started to take a downturn. For example, last Wednesday, May 30, 2012, Facebook’s share was being traded at $28.

The plummeting of the company’s share saw a negative impact on Zuckerberg’s fortune. On May 18, 2012, Zuckerberg accumulated approximately $19 billion just before Facebook knocked on Nasdaq’s doors. In contrast, 12 days later, on May 30, 2012, Zuckerberg’s fortune plummeted to approximately $12 billion. This consolidates the fact that Zuckerberg does not remain amongst the list of the top 40 richest people on the planet, reports Bloomberg.

Trade analysts assume that the share value of Facebook is likely to descend further as investors are starting to get worried about how much money Facebook can generate in spite of its tremendous user base and its switch to the mobile platform, an area where it has not performed well in terms of revenue generation as it would have liked.

Facebook Threatens to Sue “Mark Zuckerberg”

Facebook has threatened to sue Mark Zuckerberg. Well, not the real Mark Zuckerberg who is the co-founder and CEO of Facebook. I’m actually talking about an Israeli entrepreneur named Rotem Guez who has legally changed his name to Mark Zuckerberg on December 7, 2011.

Earlier in January, Facebook shut down Guez’s Facebook account for violating Facebook’s TOS. Guez stated that Facebook was unwilling to return his Facebook profile for no apparent, legitimate reason.One of the main reasons why Facebook kicked him off the networkFacebook to Sue Mark Zuckerberg was because he offered service for selling “Likes” and creating fake accounts.

For this, Guez filed a case against Facebook after the networking giant refused to give him access to his profile. He co-founded the site “Like Store“, a social marketing company which mainly offers selling “Likes” to companies for their brand pages.

The site states – “Want to boost the traffic to your site? you’ve came to the right place! Join hundreds of satisfied Likestore customers and begin seeing results right away.”

It is known that Like Store not only offers “Likes”, but also Google +1’s, YouTube views, Site traffic, and Automatic SEO Programs.

On September 1, Facebook filed a lawsuit claiming the Guez and ‘Like Store’ violated Facebook’s TOS by selling advertisers ‘Fans’ for their ‘Fan Pages’, and stated that only Facebook can provide such a service. Facebook also demanded Guez to shut down his company and the services offered by it.

“The idea was, if only ‘Mark Zuckerberg’ is allowed to sell likes, then for that matter, I’m ‘Mark Zuckerberg,'” he said. The Israeli, however, acknowledged that his company violates Facebook’s terms of use, but said many U.S. companies offer similar services.

A Facebook Page created by Guez (Or probably a supporter of Guez) states the following – “This is the true story of Israeli entrepreneur Mr. Rotem Guez, Co-Founder of ‘Like Store’, an international social marketing company, who got a threat of a lawsuit from Facebook and changed his name to Mark Zuckerberg.” The Page is nearing 4,000 likes, but we’re unsure if Facebook would take it down.

Guez changed his name legally to “Mark Zuckerberg” on December 7. After changing his name, he told Facebook, “If you want to sue me, you’re going to have to sue Mark Zuckerberg.” In the video below, you can see his visit to the Interior Ministry to make the switch official; he says he plans to change his family’s names as well

A Facebook spokesman stated the following – “Protecting the people who use Facebook is a top priority and we will take action against those who violate our terms.”

Did Mark Zuckerberg Just Join Google+?

Google recently launched a new social networking site to compete with called . The service is definitely good and worth using, however, Google+ invites are hard to come by.

Mark Zuckerberg Google Plus

That said, someone big and important has joined Google+ and it is none other than Mark Zuckerberg, the founder of Facebook. While, Mark’s activity stream is barren right now, his circles show that he has been friending several other Facebook employees and adding them to his Circles.

Mark Zuckerberg Google+ Circles

We are not able to confirm yet whether the profile is real or not and anyone could simply create a new profile and add people from Facebook to their circles. If it is indeed Mark Zuckerberg, then Google must have definitely created a lot of waves for him to check it out personally. We are investigating whether the person in question is indeed Mark Zuckerberg or an impersonator.

More updates to come…

Also Read: Google Plus For Dummies: Setting it Up For The First Time | Google+: What It is And How it Works [Screenshot Tour]

(h/t @vimoh)

StreetFax.com Goes on Auction at Flippa, Starting Price $5000

StreetFax.com is a domain which become famous because of the dispute between founder Mark Zuckerberg and Paul Ceglia over the ownership of Facebook. Ceglia claims that he owns 84% of Facebook thanks to the initial investment he made and contracts he signed with Mark before Facebook was officially launched.

It is being said that Mark Zuckerberg was initially hired to work on StreetFax.com database and other related programming but later on took money from Ceglia to work on Facebook, a site initially only targeted at Harvard university student. The owner of the site StreetFax, has now put up the famous domain on sale on domain flipping website Flippa.com.

The current bid on the site is for $5000, however, there are still 9 days and 21 hours more remaining for the auction to end. Considering the history of the domain it should definitely get some good bids in future.

The listing for the domain says:

I have for sale today the domain name StreetFax.com, Facebook Founder Mark Zuckerberg was hired and worked on this site while he went to school at Harvard! Also, it is believed that the StreetFax.com code helped power Facebook’s original search features.

The domain is in the middle of a massive legal fight over ownership to 50% of Facebook, that’s $35 Billion dollars at stake!!

This is a piece of Internet history – history of a website, brand and possibly the largest court dispute in history!

This website has been featured in countless Global News and TV reports about the current lawsuit Zuckerburg (sic) Vs. Ceglia

If you are interested in buying this famous domain you can head over to Flippa and place your bid.

Update: There have been no bids for the site yet, but starting price is $5000.

Mark Zuckerberg Wants Kids Under 13 To Use Facebook

Mark Zuckerberg, Facebook founder, wants kids under 13 years of age to be allowed to use social networking sites. Though there are millions of kids already using Facebook who are under 13, Zuckerberg wants to make it legal as Children’s Online Privacy Protection Act (COPPA)  restricts websites from collecting personal information of children under the age of 13.

Facebook For Kids

According to  Fortune, Zuckerberg said he wants younger kids to be allowed on social networking sites like Facebook. Currently, the Children’s Online Privacy Protection Act (COPPA) mandates websites that collect information about users aren’t allowed to sign on anyone under the age of 13. But Zuckerberg is determined to change this.

Zuckerberg’s philosophy is that for education, kids need to start learning at a very young age. Allowing kids onto social networking site, will help them learn new things quickly.

“Education is clearly the biggest thing that will drive how the economy improves over the long term,” Zuckerberg said.

Right or wrong, but I’m sure parents won’t like their kids using Facebook or any other social networking sites at a very young age because they might get addicted to it (You know, there are many useless games on Facebook). With a number of scams spreading on Facebook, I don’t think it’s safe for children to use it. Mark Zuckerberg should rather be concerned about on how he could prevent Facebook from scams.

Obama Dines With Steve Jobs, Mark Zuckerberg and More at Tech Dinner [Photos]

Last night, the President of United States hosted some really prominent figures from the tech world which included the CEOs of some of the world’s biggest tech companies.

The list included Steve Jobs from Apple, Mark Zuckerberg from , Dick Costolo from , Eric Schmidt from Google, Carol Bartz from Yahoo among others. The one big person missing from the dinner list was the CEO of Microsoft Steve Ballmer. It is not clear whether he was not invited or whether he couldn’t make it to the dinner.

Steve Jobs, who has been linked with some really bad rumors looked mighty fine sitting to the left of the President while Mark Zuckerberg was seated at the right. Take a look at some of the photos from yesterdays dinner which were spotted by The Next Web on the official account of the US Government.

President Barack Obama talks with Facebook CEO Mark Zuckerberg before a dinner with Technology Business Leaders in Woodside, California, Feb. 17, 2011.
 (Official White House Photo by Pete Souza)
This official White House photograph is being made available only for publication by news organizations and/or for personal use printing by the subject(s) of the photograph. The photograph may not be manipulated in any way and may not be used in commercial or political materials, advertisements, emails, products, promotions that in any way suggests approval or endorsement of the President, the First Family, or the White House.

President Barack Obama joins a toast with Technology Business Leaders at a dinner in Woodside, California, Feb. 17, 2011.
 (Official White House Photo by Pete Souza)
This official White House photograph is being made available only for publication by news organizations and/or for personal use printing by the subject(s) of the photograph. The photograph may not be manipulated in any way and may not be used in commercial or political materials, advertisements, emails, products, promotions that in any way suggests approval or endorsement of the President, the First Family, or the White House.

This goes out to quench all those rumors about Steve Jobs at-least. He looks perfectly fine to me. What do you think?

(Images from Flickr licensed under United States Government Work)

Mark Zuckerberg’s Facebook Fan Page Hacked, Are We Safe On Facebook?

I have written about various Facebook scams in the past, most of them were not harmful, but they definitely showed how unsafe was. Now, what if the account of the Facebook founder Mark Zuckerberg was compromised? Would you be able to trust the company? Would you be able to really put your private information on the website?

Mark Zuckerberg Facebook Fan Page Hacked

In what could be a embarrassment for Facebook, the fan page of Mark Zuckerberg; the founder of Facebook, was recently hacked. The person who hacked the account wasn’t as nasty as the Bristol Palin Twitter hacker, but he did leave a message on the Facebook fan page reportedly from Mark Zuckerberg.

The message as seen in the screenshot above was spotted by TechCrunch, however, within a few minutes or so the fan page for Mark was taken down. The message that was left says:

Let the hacking begin: if facebook needs money, instead of going to the banks, why doesn’t Facebook let its users invest in Facebook in a social way? Why not transform Facebook into a "social business" they way Nobel Price [sic] winner Muhammad Yunus described it? What do you think? #hackercup2011.

The message was definitely not left by Zuckerberg and even if he did, the entire Facebook page would not be taken down. So if the company’s founders account can be hacked, are we safe enough on Facebook? Can we trust them to take care of our private information? Would the recent security measures at Facebook change any of these things?

It is time to question what you put on Facebook. In the end no one’s account is safe.

Mark Zuckersberg Beat Julian Assange to Become Times’ Person of the Year

Julian Assange, who turned some heads after receiving a slew of votes for the Times’ Person of the Year award, has been overthrown by Mark Zuckersberg.

Mark Zuckersberg was finally decided as the Times’ Person of the Year, in spite of Julian Assange winning a large number of votes over a short span. Clearly, slow and steady wins the race. Moreover, there are numerous people who hate Julian Assange but very few who actually hate Zuckersberg. Especially, after The Social Network (The Movie), Zuckersberg has gained the status of an unsung hero.

The Times’ Person of the Year is selected after nomination by an expert from a panel that consists of earlier winners of the award and then, by public voting.

The winner Zuckersberg is a Harvard dropout and is the youngest billionaire in America. He is valued $6.9 billion at a young age of 26 and owns a 33.7 billion dollar business. This is what Time had to say about him:

For connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live our lives, Mark Elliot Zuckerberg is TIME’s 2010 Person of the Year.

As the ritual goes, the Time cover page will have his photograph and you can have a glimpse of it here.

(Via: TNW)

Why You Couldn’t Block Mark Zuckersberg on Facebook or Anyone for that Sake if it is done en Masse

Facebook users were quite annoyed a few days ago when they discovered that they cannot block Mark Zuckersberg. They speculated that it was a mechanism deliberately put into Facebook so that no-one could block Zuckersberg. As it turns out, this is not the case and Mashable has received a clarification from Facebook on this.

The response from Facebook says,

This error isn’t specific to any one account. It’s generated when a person has been blocked a certain large number of times. In very rare instances, a viral campaign will develop instructing lots of people to all wrongly block the same person. The purpose of this system is to protect the experience for people targeted by these campaigns. We’re constantly working to improve our systems and are taking a closer look at this one.

Clearly, it is a mechanism to save people from personalities being hit by viral blocking campaigns. The whole matter fired up when a website  Block Zuck launched a  campaign to block Zuckersberg.

This feature in Facebook was not seen or heard of until now. However, with Facebook’s shady methodology, it is not clear as to which came first. The mass-block protection feature or the blocking mechanism?

Hollywood Is Making a Movie About Mark Zuckerberg

With all the heat Facebook’s founder is already taking over the privacy issues, being depicted in a Hollywood movie is the last thing he would want. The movie called  The Social Network will depict Mark Zuckerberg as a sex maniac and portray a fantasized version of how and why he created Facebook.

The movie is based on Ben Mezrich’s book The Accidental Billionares and has a budget of 40 Million pounds. The movie is supposed to be a comedy one but will surely add to the ridicule Mark Zuckerberg is already a target of. The movie is produced by Kevin Spacey and is expected to be released this October. The film claims several things about Facebook’s history that might or might not be completely accurate but it definitely sounds like a fun thing to watch.

Mark’s role will be played by Jesse Eisenberg while his co-founder Sean Parker will be played by Justin Timberlake. More details about actual scenes of the movie are available here. A few years ago people were comparing Mark Zuckerberg to Bill Gates or even Steve Jobs but I think recent events have shown that he is not even taken seriously let alone being a tech legend