TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Mark Zuckerberg

Rings In Billions at NASDAQ

5/18/2012 6:16 AM PDT BY TMZ STAFF
breaking news

051812_zuckerberg_bell_launch_v3
Mark Zuckerberg just rang the NASDAQ bell ... opening a trading day in which the 28-year-old is expected to make more than 20 BILLION DOLLARS.

In case you haven't heard, the Facebook stock officially begins trading today -- the largest Internet IPO in history.

Zuckerberg performed the bell-ringing via satellite ... from the Facebook offices in Menlo Park, CA.  Of course, he was wearing his signature hoodie and the kind of smile you'd have on your face if you were in his flip-flops.

The stock price debuted at $38 dollars per share, quickly rose to $42, and then began leveling off. According to CNBC, 82 million shares were traded in the first 30 seconds.

It's not just Mark who's set to rake in a fortune today -- according to reports, more than 1,000 people will become overnight millionaires due to the initial public offering.

So how did the Facebook staff prepare for the big day? Hackathon.

A rep for the company tells us, "Every few months they have a hackathon, where everyone builds prototypes for new ideas they have. At the end, the whole team gets together and looks at everything that has been built. Many of our most successful products came out of hackathons, including Timeline, chat, video, our mobile development framework."

0518_facebook_employees_hackathon_footer

48 COMMENTS

No Avatar
1.

popo    

in a year or 2 those actions will be worthless

833 days ago
2.

Jack    

The public will buy the stock while the insiders will sell, sounds like a ponzi scheme.

833 days ago
3.

InformationTrafficker    

History in the making...

Regardless of how long Facebook dominates social networking, this is EPIC.

833 days ago
4.

charles    

who at TMZ is buying the stock?

833 days ago
5.

Eldridge Cleaver    

He's a douche who has a lot of money in his checking account. Big fahking deal. Mark Zuckerburg will always be a dork who stole a mediocre idea from many people. He's a young version of Steve Jobs. Btw, ANY PERSON WHO USES FACEBOOK IS A FAHKING IDIOT! LOL, it's a stupid website that simultaneously jumped the shark while becoming popular. Fahking Facebook dorks, all 1 billion of ya!

833 days ago
6.

HRH Prince Michael    

Wait. Let me guess: Yet ANOTHER billionaire, who made a fortune in "America", then moved to another country to avoid taxes?


Three things I'll never do:
1. Facebook: No, my self-esteem is normal.
2. Twitter: Like, asking Michelangelo to use a coloring-book.
3. Own a Cell-Phone: Can you say global-tracking unit?


20Twelve:
Daniel Twelve;1 is HERE,
Zechariah Twelve;8 is NOW,
St. Mark Twelve;36 is NOW,
Psalm 2;012 is NOW:
The Most Blessed Christ King YESHUA reigns,
ALL, for The Greater Glory of The True and Living YAHWEH!

833 days ago
7.

InformationTrafficker    

The hate will be strong in this thread.

It has begun.

The simple retort to anyone who has anything negative to say:

"Do it better than Facebook has, then you can talk."

833 days ago
8.

Mokie    

Now really, the company's valuation is over 100 billion dollars and there are about a billion users, Is FB worth $100 per sub?

833 days ago
9.

Natty    

Well I guess good luck to him another young buck making serious money , while the rest of us struggle on... Will delete my FB this year I hope!!! :)

833 days ago
10.

Bob    

Facebook and twitter will always be sucessfull because americans are the dumbest people on earth. They feel the need to post comments or pictures to make the feel important or celebrity like. They try and portray this bigger than life image. As long as there's idiots, facebook won't be going anywere. I'm glad I never got an account!

833 days ago
11.

NobodySpecial    

It ain't worth nothin' until you sell it.

833 days ago
12.

alex    

Facebook as we know it will start to change because now there are shareholders to satisfy with money they want to make...Get ready for all the annoying pop up ads! And get ready for your information to be sold all over the place!

833 days ago
13.

Jay W.     

I'll be eating Top Ramen for dinner. Spaghetti with butter tomorrow night. lol

833 days ago
14.

KicksandGiggles    

Hey, I thought only ghetto people wore hoodies.... Anyway...CONGRATS MARK!! THIS IS INDEED HISTORIC!! No hate from me!!

833 days ago
15.

Mike    

I bet the Winklevoss twins are pissed!

833 days ago
| 1 | 2 | 3 | Most Recent | Next 15 Comments

Around The Web