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28 May 2012

SOCIAL NET-WORTH

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SOCIAL NET-WORTH
By Harvey Ashmore, 01 Dec 2010

Facebook is now worth a staggering $50 billion (USD), according to new figures released yesterday (Tues).

The world's biggest social networking website - which has 500 million users worldwide - held a share auction last week where 1.9million shares were sold at $20.76 each.

There are an estimated 2.5 billion shares in the company - giving the business a current value of $51.9 billion USD, or #33 billion pounds sterling.

This means the site is now worth just over a quarter of the value of Google - currently around $186 billion - and just under a quarter of software giant Microsoft at $216 billion.

The figures mark a staggering six years of growth for Facebook, which was launched by Harvard student Mark Zuckerberg in 2004.

The story behind the website was recently made the subject of Hollywood film with The Social Network hotly tipped for Oscar glory next year.

Zuckerberg, 26, is the worldâ€™s youngest self-made billionaire with a fortune thought to be in the region of $7billion USD.

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By Lark, 25 Jan 2012

I think that you all have to know that in Ryton, a couple of steps away from Newcastle city centre, there's a "usual" behaviour to steal wheelie bins even from the inside gardens of people properties. This is not a good way to advertise a city neither is sign of good education! I'm really sad to be the victim of this experience for the second time in a year. Remember: the education of citizens raise the quality of the city.
By Anna Rita Rafaschieri, 10 Mar 2011