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Mark Zuckerberg

Rings In Billions at NASDAQ

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

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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."

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48 COMMENTS

No Avatar
31.

Dave    

I cant help but laugh at all of you guys hating on him. What's the big deal, the kid got an idea off the ground, took initiative, and made billions of dollars, good for him. I don't understand why people hate on the rich so much, they work for their money. You could be in the same boat as them if you'd have taken the same initiative. I'm nowhere near being rich but I still don't hate on the ones who are. Grow up and accept the fact that some people are more succesful than you, if you had millions of dollars I'm sure your opinion would change rather quickly.

834 days ago
32.

who dat    

As soon as the 13yr olds get tired of FB, listen for the crash.

834 days ago
33.

gurugurl    

I love how the article said at the hackathons some of their most sucessful products have come out of them and they listed the timeline. How is something NO ONE has wanted considered a sucess . The only sucess facebook had with that was proving wether or not their customers like it ,it doesn't matter you will be forced to get it anyway . YEAH THAT IS SUCESS !

833 days ago
34.

John_Dunkel    

Too bad the concept of money won't work anymore once everyone stops believing in it.

833 days ago
35.

Smart    

TIMELINE SUCKS

833 days ago
36.

Samm66    

@ELDRIDGE CLEAVER y're u so ****ing negative bout dis ****, it's obvious ppl like u only c bb dab side of tins.........stop being a hater cuz he's richer dan u........lol...........

833 days ago
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