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mythbusting
Posts Tagged “
Li Ka-shing
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mythbusting
hires
Andreessen to stack Facebook board further in Zuckerberg's favor
Netscape cofounder and propagator of porn social networks Marc Andreessen will join Facebook's board of directors, Kara Swisher reports. Andreessen will join current board members Accel Partners Jim Breyer, Clarium Capital's Peter Thiel, and Facebook CEO Mark Zuckerberg. Andreessen is the chairman of Ning, a company which sells tools for rolling your own social network. If your mom has an excellent visual memory, she will probably remembers him for appearing on the cover of Time magazine without shoes on. You can tell her that he dresses better now, but only slightly. Why Andreessen, and not a proxy for new investors Microsoft or Li Ka-Shing? More »
social networks
Chinese Facebook clone Xiaonei raises more funding than Facebook
Masayoshi Son is the kingmaker of the Asian Internet. His latest coronation: Xiaonei, a Chinese social network whose name translates to "on campus" and whose look and feel closely mirrors Facebook's. Son's Softbank and other investors have put $430 million into Xiaonei's parent, Oak Pacific Interactive, in a deal which values OPI at more than $1 billion. This has to worry executives at Facebook, which has raised less money — albeit while selling far less of the company to investors than Xiaonei has. More »
wantrepreneurs
Startup will pay to hear from Facebook ex-COO, investor
Chris Leach, the CEO of Pwned.com, describes his company as "the worlds first social networking website dedicated to videogamers that launched in December," distinguishing it from the first social networking websites dedicated to videogramers which launched in November or January. With credentials established, Leach informed us that he loved our post about finding a CEO gig for departed Facebook executive Owen Van Natta and would we please tell Mr. Van Natta that his company needs a new CEO, too? Leach promises Van Natta "salary/stock," and that he "would demote myself to COO, and out COO would switch to CTO." Then in all caps, Leach explained how he'd like us to convince Van Natta to join up.CAN YOU PLEASE HELP US GET IN CONTACT WITH OWNE VAN NATT TO OFFER HIM TO TAKE THE HELM OF PWNED.COM, AND GET GREAT $ TO REPEAT WHAT HE DID WITH FACEBOOKThe full email — and his followup: More »
jackpot
Hong Kong tycoon doubles Facebook stake as employees eye exits
Li Ka-shing, the Hong Kong telecom billionaire, has upped his stake in Facebook, investing another $60 million in the social network. His new total: $120 million, or half of Microsoft's stake. The valuation: Still $15 billion. All the cash flowing into Facebook has gotten some Facebookers thinking about selling. CEO Mark Zuckerberg remains too cash-poor to buy his own house, but a handful of employees are cashing out. More »
deals
