A few days after selling WhatsApp to Facebook for $19 billion, Jan Koum stepped into a suite at the St. Regis Hotel in San Francisco to celebrate with old friends, including CEOs, reformed hackers and a few people who fell into both those camps. Conducted over snacks and beer, the late-night festivity was a spontaneous…
(JTA) — Jan Koum’s birthday was Monday, but he received his big gift early. The Ukraine-born CEO and founder of WhatsApp has catapulted from relative unknown to a poster boy for rags-to-riches immigrant triumph since his rapidly growing messaging company was sold last week to Facebook for a record-breaking $19 billion. Koum, who just turned…
A caricature of Facebook founder Mark Zuckerberg in a German newspaper has drawn charges of anti-Semitism against the artist and newspaper. As a comment on Facebook’s acquisition of WhatsApp, announced last week, artist Burkhard Mohr depicted the 29-year-old Jewish entrepreneur as an octopus reaching with its tentacles to control social media in the daily German…
Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world’s largest social network looks for ways to boost its popularity, especially among a younger crowd. The acquisition of the hot messaging service with more than 450 million users around the world stunned many Silicon Valley observers with…
Sheryl Sandberg, chief operating officer of Facebook, described how the Jewish youth movement BBYO helped to shape her. Sandberg, also the author of the best-seller “Lean In” on empowering women in the workplace, spoke in a video message to the annual BBYO conference in Dallas over the weekend. She said her experience in the organization…
Facebook Inc. founder and Chief Executive Mark Zuckerberg and his wife topped a list of the biggest U.S. philanthropic donors in 2013, giving away nearly $1 billion, the Chronicle of Philanthropy said on Monday. The top 50 U.S. donors gave $7.7 billion last year, up 4 percent from the previous year, helped by a surge…
Facebook CEO Mark Zuckerberg and his wife are responsible for the largest on-record charitable donation in the United States in 2013. For the second straight year, Zuckerberg and his wife, Priscilla Chan, gave away 18 million Facebook shares — a gift worth more than $970 million — to the Silicon Valley Community Foundation in December,…
A federal judge said Facebook Inc, Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its financial health before its $16 billion initial public offering last year. In a decision made public on Wednesday, U.S. District Judge Robert Sweet in Manhattan said investors…
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