In 2013 Facebook confirmed its founder and CEO takes home a $US1 salary each year. During a Q&A on Facebook Tuesday, Mark Zuckerberg revealed his reasoning behind joining the $US1 salary club: I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have. The main way I can help is through Facebook — giving people the power to share and connecting the world. I’m also focusing on my education and health philanthropy work outside of Facebook as well. Too many people die unnecessarily and don’t get the opportunities they deserve. There are lots of things in the world that need to get fixed and I’m just lucky to have the chance to work on fixing some of them. Other tech CEOs who belong to the $US1 salary club include Tesla’s Elon Musk, Zynga’s Mark Pincus, and H-P’s Meg Whitman. Of course, this isn’t to say the young entrepreneur is falling on hard times. According to … [Read more...] about Mark Zuckerberg reveals why he only makes $1 a year
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The incredible life of Pavel Durov — ‘Russia’s Mark Zuckerberg’ who is raising $2 billion for his messaging app
Pavel Durov is the 33-year-old CEO of Telegram, the encrypted messaging app he built after fleeing Russia with the $260 million (£183 million) fortune he amassed from creating the social network VKontakte. He’s been dubbed “Russia’s Mark Zuckerberg” due to his success, but he was forced out of the company that made him his fortune. Now his new app has gained over 100 million users. Durov is planning to raise $2 billion in an initial coin offering, and is enjoying a glamorous lifestyle in Dubai Durov only wears black, and used to constantly travel around the world. He’s had run-ins with armed gangs and the Kremlin, once threw paper planes made of money out of his office window, and he’s been romantically linked to a glamour model.Here’s the incredible, and often bizarre, story of Durov’s life:Durov was born in Russia on October 10, 1984.A photo posted by Pavel Durov (@durov) on Mar 22, 2015 at 3:08am PDT He learned … [Read more...] about The incredible life of Pavel Durov — ‘Russia’s Mark Zuckerberg’ who is raising $2 billion for his messaging app
Mark Zuckerberg says he thought Facebook could ‘solve a lot of problems’ — but the world is more divided than he expected
Amid a growing backlash over how big tech companies are impacting society, Facebook CEO Mark Zuckerberg said the world is more divided than he ever anticipated. “We’’ve been focused on making the world more open and connected,” Zuckerberg said on a recent episode of the ‘Freakonomics Radio‘ podcast.” “And I always thought that that would be enough to solve a lot of problems by itself.” Zuckerberg told the show’s host, Stephen Dubner, that “the world is today more divided than I would have expected for the level of openness and connection that we have today.” Facebook has come under fire from people in and outside of the tech world due to issues of tech addiction and the platform’s role in spreading misinformation during the contentious 2016 election. Since then, the social network has instituted a series of changes to its news feed that have actually reduced the total time users spend on the site by up to … [Read more...] about Mark Zuckerberg says he thought Facebook could ‘solve a lot of problems’ — but the world is more divided than he expected
Why Mark Zuckerberg’s Image Problem Is Worse Than He Thinks
PHOTO CREDIT: Getty Images Two years ago, Mark Zuckerberg was one of the most admired people in American business, if not in all of America. There are polls that document this, but they don't capture the degree to which Facebook's CEO was Silicon Valley's beau ideal--positively worshipped by his employees, held up by investors as a model founder, feared by competitors. People made jokes about his robotic affect and occasionally questioned the motives of his philanthropic endeavors, but it was rare to hear anyone in a position of power in the technology industry speak an ill word about Zuck. These days, that is no longer the case. Zuckerberg's workers question his leadership and hope people at parties don't ask them what they do for a living. People he has made fantastically wealthy say they regret their association with him. To his credit, Zuckerberg, who has been trying his best to take the pulse of the populace, knows he has an image problem. In April 2017, Facebook took the unusual … [Read more...] about Why Mark Zuckerberg’s Image Problem Is Worse Than He Thinks
Facebook had a pollster measuring Mark Zuckerberg’s approval ratings, but he quit after six months
Facebook had a full-time pollster tracking CEO Mark Zuckerberg’s public perception. The pollster quit after six months. It is unusual for a company to hire someone full time to track public perception of its executives. Facebook hired a full-time pollster to track Mark Zuckerberg’s approval ratings last year as the young CEO was making his 50-state tour across the country. But the pollster, Tavis McGinn, quit the gig six months later after becoming disillusioned with Facebook, he told The Verge in an interview published on Tuesday. He said he joined the company because he thought he could change things from the inside, but later realized his efforts were futile. “I worked there for six months and I realized that even on the inside, I was not going to be able to change the way that the company does business. I couldn’t change the values. I couldn’t change the culture. I was probably far too … [Read more...] about Facebook had a pollster measuring Mark Zuckerberg’s approval ratings, but he quit after six months