It was probably the best decision of David Choes life. In 2005 he was asked to paint the Facebook head office in Palo Alto California. He was given the choice of shares in the company or a few thousand dollars in cash for his work. David chose the share option and he is not set to become a millionaire along with 100′s of other employees as facebook prepares to float on the Stock Exchange.
Many ‘advisers’ in the facebook company were paid in shares ranging from 0.1% to 0.25% in the early years as facebook tried to make a name for itself. This though means that some people are sitting on huge amounts of money, literally hundreds of millions.
Mr. Choe is famous for doing the cover for Linkin Park and Jay -z’s collaboration album and even created a poster for Barack Obama to be put in the white house.
Facebook submitted the necessary paperwork yesterday to begin the formal process of going on the stock exchange. Facebook is hoping to raise $5billion in its IPO which is a huge amount considering Google only made $1.9billion in 2004.
FACEBOOK BY NUMBERS
845million monthly active users
483million daily active users
$668million profit in 2011
$3.7billion revenue in 2011
85% of that revenue came from advertising
$500,000 Mark Zuckerberg’s salary in 2011
$1 Mark Zuckerberg’s salary in 2013
0% Facebook’s ‘market penetration’ in China
Zuckerberg sent a letter with the filing saying :’Facebook aspires to build the services that give people the power to share and help them once again transform many of our core institutions and industries,’ he wrote.
‘At Facebook, we’re inspired by technologies that have revolutionised how people spread and consume information.
‘We often talk about inventions like the printing press and the television – by simply making communication more efficient, they led to a complete transformation of many important parts of society.
‘Today, our society has reached another tipping point. We live at a moment when the majority of people in the world have access to the internet or mobile phones — the raw tools necessary to start sharing what they’re thinking, feeling and doing with whomever they want.’
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