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Who is the Real Owner of Facebook?
Mark Zuckerberg, Zynga and Interpublic are the names that come to mind when you think about Facebook‘s owners. These are hardly the only options for Facebook’s real owner, but there are some other interesting ones. Read on to find out who’s behind the popular social network. And don’t forget to follow our Facebook fan page to stay up-to-date with its latest news. We’ll continue the conversation tomorrow with some interesting information!
Zynga
The news came as no surprise to many. Facebook has been the target of antitrust investigations for years, but the recent breach of trust by Zynga shows the true extent of the company’s power. Read also : How to Unlock a Facebook Account. The company has been in the limelight since 2010 for being behind a number of major social networking problems, including the failure of its Facebook app. While the company is not able to completely ban Facebook, it can demand better terms from the social network.
It’s a fact that Zynga makes about 80% of its revenue from Facebook games. That’s a huge percentage, and a recent memo from Pincus to staff details his plan to cut 5% of the company’s workforce. In other words, Zynga’s employees have a front-row seat to its implosion. The company’s stock price has dropped 50% since the memo was issued.
Thiel
In addition to founding Facebook, Peter Thiel is one of the most prominent backers of Republican candidates, including Donald Trump. But, the controversial billionaire has a controversial past. In 2016, he publicly supported the GOP candidate, and also donated to super PACs supporting Trump. To see also : How to Join Facebook – Customizing Your Profile. He also spoke at the Republican National Convention on Trump’s behalf and even served as an adviser to the candidate. And in 2016, Thiel made headlines as the secret funder of a lawsuit against the conservative website Gawker. In fact, Thiel was so outspoken that Facebook considered suspending Trump’s account after the Capitol attack.
While he may have been an influential contributor to the Republican Party during the 2016 election, Thiel has also been a frequent target of right-leaning American political circles. While Thiel’s support of Donald Trump rubbed many conservatives the wrong way, the former president has repeatedly attacked tech companies for their content moderation policies. This has led many conservatives to believe that Facebook has abused its power to moderate online speech.
Mark Zuckerberg
The Facebook founder has been accused of violating US securities law. Facebook’s founder has denied any wrongdoing, but he has been accused of being the “real owner” of the company. Facebook is a publicly traded company that should have an independent Board of Directors, a CEO, and Founding Investors. See the article : How Much Does Social Media Engagement Count? A Complete Guide. Instead, it’s run by the billionaire founder himself. Zuckerberg has a stranglehold on the leadership role and majority voting shares of the company.
Despite being the co-founder of Facebook, he does not like public appearances or speaking to the press. He was once asked if he liked to do events, and he replied in a terse “no.” He glanced off into the distance, a sign that he is a wary person. It’s not just his public persona, however. In fact, he’s often the last person to leave the office.
Interpublic
The Interpublic Group of Cos sold the last of its shares of Facebook Inc. for $95 million in cash. The company is estimating a pre-tax gain of $94 million on the sale, which came in the third quarter of last year. The company originally paid less than $5 million for its stake in Facebook, but the price has dropped nearly half since May due to concerns over Facebook’s money-making prospects.
While IPG retains a 0.2 percent stake in Facebook, they are not completely out of the woods. In fact, they hold a seat on Facebook’s notorious “client council,” where it advises its vp of global ad sales Carolyn Everson. Despite the fact that IPG has made its money 27 times over, it is still not able to refuse clients’ requests to advertise on the social network.
Microsoft
After acquiring aQuantive for $6.3 billion, Microsoft has announced a deal to sell graphical banner ads on Facebook outside the United States. Microsoft’s deal with Facebook is expected to last until 2011. The deal is particularly significant because Facebook has a valuable user base and a burgeoning ad business. Microsoft has been trying to keep up with and prevent Google from consolidating its position in online advertising.
The two companies reportedly had a falling out when Facebook made headlines in 2010 after it was found that it had mishandled personal data. Microsoft CEO Steve Ballmer had wanted to get in on the action, but Facebook’s CEO rejected the plan and chose an alternative way. Instead, the two companies struck a complicated arrangement that gave Microsoft a 1.6% stake in Facebook. Microsoft was able to protect its own interests while also making a profit.
