Come for a childlike Mark Zuckerberg riding a bull down Wall Street and stay Goldman Sachs shaking people down–literally–for whatever’s in their pocket. Then there’s this pertinent question: “if Facebook is worth owning, then why did company insiders dump $9.2 billion in shares?”
Of course, the answer to that can be found within the question itself–“Just got paid. It’s Friday night…” Take a look around, especially if you’re in NYC and you might see the newest members of the billionaire club rolling around Wall Street in hoodies, playing on their iPhones. However, NMA goes a little deeper, suggesting Facebook is not a viable business. To illustrate their point, NMA points out that GM cancelled their multi-million dollar advertising campaign that was supposed to rollout on the Facebook platform.
Unfortunately, they are overlooking the one thing Facebook can sell. In other words, the product that turns the social media platform into a viable business: its members. That has always been Facebook’s selling point. The platform itself is not being sold. Instead, the people that inhabit Facebook’s world are. Case in point, if Facebook had 900,000 members instead of 900 million, would their IPO been anywhere near as successful?
Just before this mornings Facebook IPO, CEO Mark Zuckerberg and a crowd of enthusiastic fans gathered outside Wall Street to ring the official bell. During the ceremony Nasdaq’s Bob Greifeld presented Mark with a gift to commemorate the event. Guess what it was? Of course, what else do you give the guy who can afford to buy just about anything, a hoodie. As most of us know, Mark’s hoodie’s have become his signature business attire, to the despair of many a crusty Wall Street investor. So I guess it was a little bit of a jab as well as a memento.
I wont go into the IPO particulars again, as they can be viewed in many other posts available on our site today; I’ll just stick to the hoodie angle with this one. Which reminds me, I have yet to see Zuckerberg go highbred with his hoodie selection, which disappoints me. For those of you who don’t know what I am referring to, check this fine piece of craftsmanship out:
Very Nice! I wish I could get ahold of Zuckerberg to let him know. I would bet he’d cherish it. All the comfort of the classic hoodie, but the elegant style of a world-class business suit. A sure winner. Regardless of my nonsense, Bloomberg was there to cover the event and you can view exactly what they captured below. Take a look:
Randi Zuckerberg, elder sister of Facebook CEO Mark, left the social media giant last year, to start her own company called RtoZMedia. This didn’t stop her for being present for the ringing of the NASDAQ opening bell this morning in NYC, which brother Mark was notably absent from. Mark Zuckerberg kicked off the IPO from Facebook’s Menlo Park headquarters earlier today. Facebook CFO David Ebersman was also on hand on the NASDAQ floor this morning. Incidentally, media-savvy Randi is also executive-producing a reality show on Bravo called Silicon Valley.
Facebook didn’t perform as well as some expected in the market today, though an insider had pointed out that there might’ve been a but of a communication problem early on that might’ve delayed sales from the start. Apparently, Nasdaq was having a problem notifying big banks that sales were even going through. On a smaller level, a lot of smaller-time investors were likely running into this sort of error message today:
Still, it’s evident that today’s numbers can’t really be taken as a gauge to how Facebook stock will ultimately perform. For more extensive coverage on Facebook’s IPO, go here.
Considering how Friday’s world is revolving around Facebook’s IPO, is there anything more fitting than watching Mark Zuckerberg’s incredible worth fluctuate as Facebook’s stock prices raise and occasionally lower? Thanks to an embeddable widget from the Wall Street Journal, you can now live vicariously through Zuckerberg’s apparently unending wealth.
As of this writing, Zuckerberg’s total worth is hovering near the $20 billion mark. In light of that massive financial windfall, it’s hard not to wonder if Facebook’s CEO will give reward those that made him so financially viable. No, I’m not talking about his programmers and developers. I’m talking about the only thing Facebook has that’s worth selling: its members. Without his 900 million-plus Facebook members, that $19 billion would be reduced.
A lot.
It should be noted that, as pointed out by Richard, Zuckerberg sold a little over 30 million shares, meaning he netted a cool $1.15 billion for a day’s work. I believe we could qualify those terms as “acceptable.” Others on Twitter noticed Zuck’s incredible financial windfall as well:
Today, social networking giant Facebook made it’s initial public offering (IPO) valued at $16 billion. In doing so, Mark Zuckerberg became the 29th richest person in the entire world and the 16th richest American according to the Bloomberg Billionaires Index which gives daily updates to the worlds richest people.
Facebook sold 421.2 million shares during its IPO for $38 each. At that price, the 503.6 million shares and options Zuckerberg owns are valued at $19.1 billion, making him wealthier than Google co-founders Sergey Brin and Larry Page. “Zuckerberg doesn’t think about his wealth,” David Kirkpatrick, author of “The Facebook Effect,” said in an interview. “This is a huge success for everybody. There’s no way it can be seen otherwise.”
Zuckerberg sold 30.2 million shares for $1.15 billion during the offering. Most of the proceeds will be used to pay the taxes associated with exercising 60 million stock options. Everyone saw how fast Myspace failed, so it will be very interesting to see how long it will be able to keep its momentum. With 900 million users, and new things popping up all the time, the exodus could begin at any time. So it is up to Zuckerberg to keep the company at the leading edge of technology
This wouldn’t be the first time Zuckerberg had set out to complete a year-goal – in 2009, he vowed to wear a tie to work every day, in 2010 he learned Mandarin and in 2011 he only ate meat he killed himself. So, now it’s coding. It was recently reported that Zuckerberg is worth about $4.5 billion dollars. With that sort of money, he could buy the island nation of Kiribati, declare himself king, and do whatever he wants, forever. Or, at least not write code or wear ties.
It’s clear the young CEO that has been making investors nervous by merely wearing a hoodie lately isn’t some maverick who lacks focus. Interestingly, Feross Aboukhadijeh, a former intern at Facebook told New York Magazine that Zuckerberg had a bit of a hard time coding for Facebook’s Group feature, as the team was getting the product ready fro launch in 2010. Still, it’s been a very long while since the CEO was sitting in a dorm room at Harvard, developing the social network.
Today Facebook goes for $16 billion at a $104 billion valuation. Go here for extensive coverage.
This is the latest news on the real worth of Mark Zuckerberg when taking into account the real money raised by Facebook’s IPO and Zuckerberg’s stake in the company. If you consider the $16 billion raised in the initial IPO, and the fact that Zuckerberg owns 28% of those shares, you get an estimation of about $4.5 billion dollars. If he sold all of his shares, and others bought them at current trading value, he would have $4.5 billion cash in hand. Or “in vault” as the case may be.
Obviously, this isn’t going to happen. Zuckerberg as CEO – selling all of his shares would not be a good thing. If the founder and CEO were to sell his shares at the beginning of the IPO, all confidence would be lost and stocks would plummet. If he could even find someone to buy them, without raising a bunch of eyebrows.
Instead, what this is, is a more realist interpretation of the kind of buying power Zuckerberg now has. Some estimates put his worth at around $28 billion, representing his 28% stake in the companies $100 billion valuation. But in terms of buying power, this $4.5 billion estimate is much more accurate. If Zuckerberg now chooses, he has a lot of options for personal investments.
If it were me, I’d take out enough to buy a personal island. That’s the only way you can get away from Facebook these days.
source: click here for a large version of the infographic at Visual.ly
With the entire world watching and waiting for the Facebook IPO, the company behind the world’s largest social network tried its best to celebrate while keeping the feeling of Facebook’s hacker roots alive. To that end, the same bell-ringing that signaled Facebook’s corporate status also ended its 31st all-night “hackathon.”
Last night, Facebook employees stayed up all night for the company’s latest hackathon, events where everyone in the company is encouraged and challenged to create and inspire each other. While normally the hackathons are focused around taking stabs at wild ideas for the Facebook website, or to hack the spaces Facebook has chosen to inhabit, last night’s hackathon looked more like a party to celebrate the company’s impending IPO.
Francis Luu, a product designer at Facebook uploaded dozens of photos to his Facebook account chronicling the event. To start off, here is Facebook CEO Mark Zuckerberg himself kicking off the hackathon celebration with a speech:
During the night, the chairs were cleared out of the courtyard for some intramural street hockey:
This LEGO wall hack just might be my favorite:
We may not see much of a result on the Facebook website coming from this particular hackathon, seeing as it was fueled by Anheuser-Busch:
The hackathon wasn’t all celebration, though. Employees did settle in with their laptops for some old-fashioned coding and design hacks:
You can see the rest of the photos over at Luu’s Facebook page. It will be interesting to see whether Facebook will be able to keep this sort of culture alive once it has to report to investors every quarter. The symbolism of the same bell ending the hackathon and signaling the beginning of Facebook’s corporate status was hard to miss.
So, imagine for the moment that you’re the CEO of a major company, and you’re taking that company public. More specifically, imagine that you’re the CEO of Facebook, and you get to ring the bell to open trading on the day of your company’s IPO. What do you do?
Apparently, you post about it to Facebook. Or, more specifically, you have your people (after all, you’re the CEO; you’ve got people) rig the button that rings the bell so that the instant you press it, a post goes up on your Facebook timeline. That is exactly what Facebook CEO Mark Zuckerberg did this morning. The moment he pressed the button to ring the bell and start NASDAQ trading, a post went up on his Facebook timeline saying “Mark Zuckerberg listed a company on NASDAQ.” The post also tagged five people: Vice President of Product Chris Cox, Chief Operating Officer Sheryl Sandberg, Chief Financial Officer David Ebersman, Treasurer Cipora Herman, and Deputy General Councel Dave Kling. Check out the post and the tags below:
Apparently, though, getting the button rigged to publish the post on Zuckerberg’s page was trickier than you might think. In a post on TechCrunch this morning, Facebook engineer David Garcia discusses the project and how it was done. The idea was conceived over lunch with Garcia and some co-workers. The first step, of course, was to run it past The Boss. Not surprisingly, Zuckerberg approved, calling the idea “epic.”
Through a complex series of steps, Garcia and his fellow engineers rigged the button, which NASDAQ brought to Facebook’s Menlo Park headquarters on Wednesday, to a mobile phone that was signed into Facebook. The two were connected via the phone’s headphone jack. After a complicated bit of work, they managed to get it working. Now, in addition to ringing the bell and switching on the light to open trading, pressing the button would send a signal to the phone via the headphone jack that created an Open Graph event on Zuckerberg’s timeline. As you can see from the post above, it worked.
While one might wonder whether it would’ve been easier to just have a random Facebook employee standing by with a phone to make the post manually, you’ve got to admit, this was much cooler.
Who says money can’t buy everything? Well, maybe it can’t, but it sure can buy various levels of forgiveness, provided it was even required. Of course, when you stand to make $3 billion or more, there’s undoubtedly a tendency to look back on the past with more romanticized perspective, while allowing potential grudges to be dissolved.
On the eve of the Facebook public float, 8 plus year in the making, I as co-founder wanted to look back and cherish Facebook’s early beginning. Congrats to everyone involved in the project from day one till today, and I especially wanted to congratulate Mark Zukerberg on keeping tremendous stead-fast focus, however hard that was, on making the world a more open and connected place.
It’s largely true that we in the general public learned just about everything we know concerning the relationship between Saverin and Zuckerberg via The Social Network (the book and the movie), recently, Saverin indicated some creative license was taken with the story:
The two’s relationship was the subject of the 2010 film “The Social Network,”in which Zuckerberg is portrayed as getting so caught up in making Facebook successful that he betrays Saverin and essentially runs him out of the company.
But this week, Saverin said the movie was “more art than documentary.”
Forgive my cynicism, but could the fact that Saverin stands to make more money than God billions from Facebook’s public offering be the reason for his all-of-a-sudden denouncement of the story, combined with the well-wishes he sent to the company he initially financed? Whatever the case, thanks to his citizenship denouncement, Saverin will, in all likelihood, get his billions without the burden of paying taxes attached to them.
With that in mind, the next video is absolutely fitting:
Though the opening bell has been rung and the Facebook IPO ceremony is over, trading on Facebook stocks has yet to commence. Facebook shares will begin trading at 11:30 EDT, and the stock is expected to rise significantly over the course of the day.
However, NASDAQ has just released the video of the bell-ringing ceremony, which was held in a courtyard at Facebook’s Menlo Park, California headquarters. In the video, you can see Facebook CEO Mark Zuckerberg count down and ring the NASDAQ bell while cheesy music plays:
Zuckerberg looks as if he thinks it’s all a dream. Of course, he and the rest of Facebook haven’t slept all night, which could explain the happy, yet glassy-eyed faces that make up much of the crowd. The bell-ringing was also the end of one of Facebook’s all-night hackathons, during which Facebook’s employees stayed on-campus overnight to come up with the next big idea for the Facebook website. These hackathons are a foundation of the culture Zuckerberg has tried to promote at his company. This particular hackathon was supposed to reinforce the notion that, even though the company is going public, there won’t be any changes to the Facebook lifestyle. The symbolism, though, of the same bell both ending the hackathon and beginning Facebook’s new corporate era is hard to miss. It will be interesting to see whether the company can keep its hacker spirit while striving to please investors on a quarterly basis.
NASDAQ has a Livestream set up to stream IPOs, bell-ringing ceremonies, and interviews. Any action happening today will be streamed on that channel, which can be seen below:
Stock market records were effectively shattered when Facebook’s valuation rose to an insanely impressive $104 billion, which is more than any company on its first day on the market. What’s more, the virtual house that Zuckerberg (and friends) built is the second largest initial public offering in history, bested only to the folks over at Visa.
Speaking of Zuckerberg, the man himself will ring the Nasdaq bell this morning, though in a most untraditional fashion. Instead of being on-site to claim the honor, Zuckerberg will ring it from the Facebook HQ in California. When he pushes the proverbial button to signal the start of the day, he will be surrounded by a small cluster of co-workers who will, no doubt, be celebrating the fact that a large portion of them will be instant millionaires.
A whopping 421 million shares Facebook (FB) shares will begin trading at 11am today (May 18th) for $38 a piece.
In anticipation of the company’s IPO, Facebook employees held an all-night “hackathon”, an event where ideas — outrageous and otherwise — are pushed into development. Several of the features that users take for granted were conceived, constructed, and implemented during these sessions, including Facebook’s chat system and an early version of the Timeline.
Nasdaq OMX Group Inc. will hold a two-hour conference call beginning at 10:15am to keep industry types up-to-date with anything and everything involved with the Facebook IPO.
Internet marketing agency Customer Magnetism just compiled a new infographic describing the rise of worldwide internet use over the past decade.
There’s been 528.1% in growth of internet users since 2000, with 32.7% of world population now online, equalling 2.27 billion people. Google takes the search cake at 66.2%, with Bing and Yahoo coming in at 15.2% and 14.1% respectively.
Forty-three percent of online consumers use social media while shopping, and 90% of the purchases they go on to make are influenced by platforms like Facebook. Likewise, at its most recent count, Facebook has roughly 901 million active users, and 93% of adults online in the U.S. have accounts. The infographic shows that roughly 1 in 11 internet users are on Facebook, with roughly 2 in 5 web users being active members of the platform.
Facebook just announced its IPO, raising $16 billion at a $104 billion valuation. Founder Mark Zuckerburg once stated that deceased social network Friendster was a model for his site – investors don’t seem to be too weary of the notion that there really is nothing in place for The Social Network to devolve into the next Myspace.
Friendster, launched in 2002 and the most popular social network pre-Myspace (2003), was said to be a bit of a template for Facebook (2004), according to founder and CEO Mark Zuckerberg. In an interview with the Harvard Crimson in 2004, Zuckerberg claimed that Friendster was a model for the social network he was developing, which made news at the time after ‘thefacebook.com’ registered hundreds of users overnight. The article in the Crimson is reminiscent of a piece Aaron Sorkin’s The Social Network script, though the Winklevoss brothers or Eduardo Saverin aren’t mentioned.
Zuckerberg mentions in the interview, “Everyone’s been talking a lot about a universal face book within Harvard – I think it’s kind of silly that it would take the University a couple of years to get around to it. I can do it better than they can, and I can do it in a week.” No wonder the Zuckerberg character was written as sort of a snot-nosed punk genius in Sorkin’s script. Especially since Zuckerberg had no way of knowing that his dorm room startup would come to change the internet, and making Friendster look like a mere hiccup.
Zuckerberg adds, “I’m pretty happy with the amount of people that have been to it so far – The nature of the site is that each user’s experience improves if they can get their friends to join it.” Facebook presently has roughly 901 million users – it’s safe to say the user experience has improved since 2004.
Just announced this mourning, Facebook is offering 25% more shares for their upcoming initial public offering. As we reported earlier this week, the IPO was sold out by Monday, and all the shares were spoken for. In fact, last Friday investors were already looking for more. Yesterday, Facebook and their underwriters decided they would add 50.6 million more shares and adjust the targeted price range from $28 to $34, to $34 to $38.
Now, with 25% more shares available, the IPO could raise an additional $3 billion. This would bring the grand total of the IPO to $16 billion with a total of 421.2 million shares on the market. So it is safe to say they won’t be hurting for money after this one. Pooling all the shares available from every employee and including those held for future employee equity grants brings the total company value to $106 billion.
However, if you exclude the 2.1 billion shares that remain outstanding after their IPO, according to their SEC filing, the company would be valued at $81.2 billion. Keep in mind though, the IPO doesn’t officially start until Friday. The price will be set tomorrow and trading will be on the Nasdaq stock market under the ticker symbol “FB”.
Facebook stock, which is expected to go on sale this Friday, will be a little pricier than some may have anticipated. Although the company planned to sell shares between $29 and $34, the buzz generated during Zuckerberg’s IPO roadshow has caused the price to jump to between $34 and $38. Facebook filed an amendment to their IPO registration with the U.S. Securities and Exchange Commission on Tuesday to reflect the changes.
“The roadshow was certainly effective with the general public, mostly through coverage in the general media. I can’t really assess what it did with investment professionals. But there is widespread interest,” said Technology Business Research analyst Ezra Gottheil.
The increase comes in the wake of Zuckerberg’s decision to wear a hoodie to meetings with investors, which some claimed showed “immaturity” and a lack of seriousness about the company. However, with a recent poll showing that most people consider Facebook to be a passing fad, things could get complicated for the company down the road. To make matters worse, GM just pulled their ads from the website, claiming that their Facebook campaign wasn’t working. Clearly, this sort of news couldn’t have arrived at more inopportune moment.
Zuckerberg has also assured investors that he plans to address the company’s problems monetizing its mobile applications. According to reports, the company is making next to nothing in the market, though Facebook claims that it’s working on ways to generate revenue from those who use the site in a nontraditional manner.
If Facebook officially sets the price between $34 and $38, the company’s valuation could jump to an astronomical $100 billion. That is a lot of zeroes.
Regardless, this baby is gonna be sold out again by tomorrow. If you thought you were going to scoop up a piece of Facebook and you haven’t done it yet, I am 99% sure that it is too late for you. While we are waiting for the definitive word on who actually got a piece of Facebook and who didn’t, we can enjoy this infographic from MBAOnline.com.
This one leans more toward the fun side and is filled with interesting little tidbits about how Facebook evolved from just an idea in Mark Zuckerberg’s head to the social giant we know today. Warren Buffet says he’s not buying it, but millions of others are. take a look:
Mark Zuckerberg, who just celebrated his 28th birthday on Monday, is the second youngest self-made billionaire in the world, but now also the youngest CEO of a Fortune 1000 company to go public. It is also expected by many that 2012 will be the year Facebook joins the Fortune 500 list.
The news here is that Mark is about to join the list of the youngest CEO’s running Fortune 500 companies in the United States. Remember, the Facebook IPO officially starts trading on Friday, but you may have heard, on Monday, demand outweighed available shares and the underwriters of the deal approved another 50.6 million shares to be offered. Facebook also adjusted the price range from the originally planned $28 to $35 to $34 to $38.
So, as you can imagine, these are exciting times to be a part of the Facebook team, especially if you are a large shareholder, like Zuckerberg himself. But, it wasn’t so long ago that nobody knew what Facebook was and that social networking actually meant going out and meeting people.
Katherine Losse was an early employee at Facebook and back in 2005 she joined the team of Ivy League grads who made the social network a reality. She spent five years with that group building Facebook from he ground up. Now she has signed a deal with the Free Press, an imprint of Simon & Schuster.
So if you want to learn more about Mark Zuckerberg and the multi-billion dollar company we know today, take a look at this book and discover what it was like watching the company and the people evolve into what we recognize as social networking today.
What would you get if you made a musical of the existence of Mark Zuckerberg, starting from his days at Harvard until now, as the ruler of all things social media (no offense, Twitter)? Well, thanks to the efforts of cdza (Collective Cadenza), we have a great idea, courtesy of their “ZUCKERBERG: The Musical!” creation.
Featuring the singing talents of cdza’s lovely trio of Lora Lee Gayer, Ryah Nixon, and Tess Soltau (featuring Michael T. on piano), “ZUCKERBERG: The Musical!” is a trip down memory lane, one laid out so thoroughly by David Fincher in The Social Network. While Fincher’s creation was deservedly well-received, it didn’t have the style or the succinctness offered by cdza. Why shoot for the two-plus hour running time when you can tell the story, in song, in less than four minutes and still get the gist across?
Another plus for “ZUCKERBERG: The Musical!” is the trio who are singing the history of Facebook’s kingpin. Consumption is always easier when it’s presented in such an attractive, talented manner.
Highlights include the segment that deals with the invention of the “Like” button. For my money, it’s hard to compete with the following:
“I can like anything better than you.” “No you can’t.” “Yes I can.” “No you can’t.” “Yes I can.” “No you can’t.” “YES I MOTHERF***ING CAN!”
Come for the “Like” fight, and stay for the killer finale. If there’s anything better than three talented, attractive singers singing the word “Facebook” in operatic style, at least in relation to the story of Mark Zuckerberg, I don’t want to know what it is.
For more information about the cdza collective, check out their site, and stay tuned for future musicals. Hopefully, the collective will focus on additional web properties in the future. I, for one, can’t imagine how they’d treat Google+.
Remember the scene in The Social Network when Facebook Co-founder and CFO Eduardo Saverin (played by Andrew Garfield) has his shares diluted by Mark Zuckerberg and Sean Parker and comes storming into Facebook headquarters demanding to know why it was done…
Even though the real Mark Zuckerberg has said the story portrayed in that movie is not how it really happened, many of the business related facts are true. Who knows if Saverin really confronted Zuckerberg and Parker in that way, what we do know is Saverin shares were diluted and Severn did successfully sue Facebook for 4-5% of the company. Those shares are now worth around $5 billion.
Zuckerberg’s intention at the time was to limit Saverin’s say in how Faebook was funded. He did this by creating a new company that acquired the old company and gave equal shares in the new one to everybody but Saverin.
Business Insider has uncovered the the Email correspondence between a then 20-year-old Zuckerberg and his lawyer, discussing how to ease Saverin out of the company:
[Redacted],
This email should probably be attorney-client privileged, not quite how to do that though.
Anyhow, Sean and I have agreed that a price of one-half cent per share is the way to go for now. We think we can maybe almost justify and if not, we’ll just deal with it later.
We also agreed that if the company bonusing us the amount we need for the shares, plus tax, is a good solution to the problem of us all being completely broke.
As far as Eduardo goes, I think it’s safe to ask for his permission to make grants. Especially if we do it in conjunction with raising money. It’s probably even OK to say how many shares we’re adding to the pool. It’s probably less OK to tell him who’s getting the shares, just because he might have adverse reaction initially. But I think we may even be able to make him understand that.
Is there a way to do this without making it painfully apparent to him that he’s being diluted to 10%?
OK, that’s all for now. I’ll send you the list of grants I need made in another email in a second. Sean can send you grants for his people when he stops coughing up his lungs.
Hope you guys both feel better,
Mark
Here is the lawyers response:
…I spent some time discussing the risks associated with making these grants and picking the per share price of common stock. Mark, you and I should discuss these at length to insure that you understand them. I’ve outlined them below for your easy reference.
The broad categories of legal risk are a) fiduciary duty. As Eduardo is the only shareholder being diluted by the grants issuances there is substantial risk that he may claim the issuances, especially the ones to Dustin and Mark, but also to Sean, are a breach of fiduciary duty later on if not now. I believe that you previously disclosed these future dilutative issuances to Eduardo before the LLC merger. This is what I recommended at the time. Nevertheless, it would be great if there is some way you could obtain a shareholder consent from Eduardo approving these new issuances. It isn’t *required* but it would be very advantageous and would go a very long way towards preventing any future claims he might have for breach of fiduciary duty. I mentioned this to Sean and he was going to give it some thought.
In reality, Zuckerberg’s intention was to dilute Saverin’s share to 10% without him noticing. He did notice, and the rest is history. As it turns out, Zuckerberg is doing okay without Saverin’s input, anyway, raising $15 billion for his soon to be made public company. His stake in the $100 billion company is also considerably more.
Donald Trump was on the Squawk Box this morning. In it he talked about how banking regulations are hurting the system; he also talked about some of the problems in Mexico right now. But he also weighed in on Mark Zuckerberg and what he needs to do in terms of a pre-nup when he gets married.
Here’s my question… but Mark Zuckerberg is going to be worth like $18, $19 billion. Does he marry his girlfriend? And if he does, does he get a pre-nuptial agreement?… He’s got this lovely girlfriend, I’m sure she’s lovely. They get married, and she sues him for $10 billion. In New York, she gets a big chunk of what he has. So I’m just curious who is doing Zuckerberg’s pre-nup and when. And I want to have a look at it.
Sorkin asked what amount the pre-nup should be for, Donald answered. I’m notoriously cheap with these things… if she made $1 million, that would be good.
Trump was asked about a post-nup: Forget it, post-nups don’t work. It’s called pre-nup or nothing.
