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Sheryl Sandberg, Exec lured away from Google, now heading up Facebook scores major gain to the tune of $845 million

Published by EOTM News Editor on April 26th, 2013 - in Breaking News, Business, Social Media, Tech News, World News

By Carla B.

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In the world of social media; entrepreneurship, Facebook + Google, Sheryl Sandberg, FB’s chief operating officer, gained $821 million from 2012 shares also receiving another $25.6 million in stock.

Chief Operating Officer Sheryl Sandberg (Angelika Warmuth / AFP/Getty Images)

The social media giant announced the news Friday, April 26th with the Securities & Exchange Commission. Sanberg is also the first woman to serve on the Facebook BOD.

Before Facebook, the Harvard graduate was Vice President of Global Online Sales and Operations at Google, also serving as chief of staff for the United States Department of the Treasury.

Sandberg has been Facebook’s COO for four years. She definitely exudes Girl POWER and surely an inspiration to many.

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Ashton Kutcher Set To Return To TechCrunch Disrupt NYC

Roundup: Newark releases secret Facebook fundraising emails; Obama returning to D.C.

Published by EOTM News Editor on December 26th, 2012 - in Breaking News, Politics, Technology, World News

Roundup: Newark releases secret Facebook fundraising emails; Obama returning to D.C. (via NJ.com)

Happy holidays. Hope you got to enjoy some holiday cheer with friends and loved ones. Today’s political roundup will help you get caught up with what’s been going on in the world of politics. Here are the top stories from New Jersey and on the national scene: Jenna Portnoy, Statehouse reporter for…

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Facebook Founder and CEO Mark Zuckerberg gets Married!

Published by EOTM News Editor on May 19th, 2012 - in Breaking News, Business, Celebrity Couples, Entertainment News, Technology, Trending, World News

Mark Zuckerberg updated his Facebook status on Saturday to “married,” wedding his longtime girlfriend, Priscilla Chan.

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The couple tied the knot at a small ceremony at his Palo Alto, Calif., home.

Credit: Facebook

Chan and Zuckerberg met at Harvard and have been together for more than nine years, the source shared.

Zuckerberg designed the ring featuring “a very simple ruby,” according to the person.

The ceremony took place in Zuckerberg’s backyard before fewer than 100 guests, including Facebook’s chief operating officer Sheryl Sandberg.

The guests all thought they were coming to celebrate Chan’s graduation but were told after they arrived that the event was in fact a wedding.

“Everybody was shocked,” the guest said.

Facebook’s shares were priced at $38 Thursday and got off to a hot start Friday, opening at $42.05.

Facebook IPO set to rake in more than $100 billion

Published by EOTM News Editor on May 16th, 2012 - in Breaking News, Business, Entertainment News, Technology, Trending, Wall Street

On Tuesday Facebook shares rose from $34 to $38 on Nasdaq, founder Mark Zuckerberg who is only 20 years old is expected to bank $24 billion from the sale.The astounding sum set ahead of Friday’s anticipated IPO would instantly make Facebook more valuable than Disney and Kraft.

Credit: Getty Images

The social network raised the price range in response to strong demand for its stock, and it’s possible that the stock could price even higher on Thursday.Another interesting twist on Tuesday was General Motors, who is reportedly the third-largest advertiser in the United States, has decided to halt their paid Facebook advertising.

“We regularly review our overall media spending and make adjustments as needed. This happens as a regular course of business and it’s not unusual for us to move our spending around various media outlets — especially with the growth of multiple social and digital media outlets,” a GM spokesman said Tuesday in an email statement.

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According to a report from The Wall Street Journal, GM decided to pull out of the paid Facebook ad market because the company found its ads on the social network to be ineffective. The Journal, which reported that GM spent $10 million a year on paid Facebook advertising, cited unnamed sources for its information.

By August, the network is expected to sign up a billion people — one of every seven humans on the planet.Facebook is expected to execute its IPO Thursday night, with shares hitting the Nasdaq stock exchange Friday morning under the ticker symbol FB.

Facebook Buys Instagram for $1 Billion

Published by EOTM News Editor on April 9th, 2012 - in Breaking News, Business, Technology, World News

Facebook has acquired Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, the company said Monday. In a Facebook post on a profile page, the company’s chief, Mark Zuckerberg, said he planned to build Instagram independently from the social network. The move will allow users to post on other social networks, follow users not on Facebook, and to opt out of sharing on Facebook.

Pool photo by Yuriko Nakao -- Mark Zuckerberg, the chief executive of Facebook, which is expected to go public next month.

“For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Mr. Zuckerberg wrote. “Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”

Here is the news release from Facebook:

“Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices.

“The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.”

Mark Zuckerberg’s Facebook|Video Chat

Published by EOTM News Editor on July 10th, 2011 - in Breaking News, Tech News

The social network just launched an exciting new video chat feature in cooperation with Skype.

Video chat’s also something Google+ features — all though its version of the tech can go group-style.

This is new application allows you to stream video chats on Facebook, the application installs itself on the toolbar at the bottom right, just beside the chat menu.

Of course, video calling alone won’t change the reality of the social networking order: Google hasn’t exactly knocked it out of the park with its earlier social networking efforts. It however seems like it will be more practical on Facebook, we shall see.

Facebook Saga Ends? Winklevoss Twins Back Down

Published by EOTM News Editor on June 23rd, 2011 - in Breaking News, Celebrity News, Trending

The Winklevoss twins have called it quits after attempting to appeal a 2008 settlement against Facebook creator, Mark Zuckerberg. The twins accused Zuckerberg of stealing their concept for the social media network, which has since grown into a massive source of revenue and a valued space for small business marketing campaigns.

In 2008, the case reached a $200 million settlement, but over the past year the twins have reopened it, attempting to appeal on the grounds that they were defrauded on the value of Facebook.

“We’ve considered this case closed for a long time, and we’re pleased to see the other party now agrees,” said Facebook in a statement, as noted by Reuters.