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Wednesday, September 28, 2011

Mark Zuckerberg Worth $18 Billion, Richer Than Google founders

Mark Zuckerberg is worth over $18 billion, according to new estimates, making him richer than Google founders Larry Page and Sergey Brin, and mostly everyone else.
Though most of Zuckerberg’s fortune exists only as Facebook shares, Forbes’ new estimate puts him ahead of Page and Brin on the ladder of fantastically rich technology titans. In fact, only two rungs remain above Zuckerberg: Oracle co-founder and CEO Larry Ellison, and standing at the top, Microsoft’s Bill Gates.

Though it’s not really fair, this development begs to be read as a reflection of Google’s and Facebook’s current situations. Facebook’s user base is growing at a brisk pace and people now spend much more time on its site — 375 minutes per month — than the 231 minutes they spread across all of Google’s web properties together, according to ComScore.
The company also appears to be branching out, with feelers in the streaming video market and a rumored project that would free it from the restraints of Apple’s App Store on iOS devices.

Google is no underdog, but it’s taken some lumps lately. The Internet giant is under regulatory scrutiny at home and abroad, which could lead to massive legal fees, if not damages. Its stock price is down about 16 percent for the year. And until today’s Google+ announcement, the company consistently failed at one of the most important facets of its strategy: social networking.
There’s also Google’s mobile push. Android is growing at an astounding rate. Facebook may have a lot of mobile users, but many of them are using a Google platform to connect to the social network.
Source: Mobiledia


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