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CNNW Starting Point May 18, 2012



facebook for $100 billion. ceo and founder mark zuckerberg expected to make something like $20.3 billion, co-founder eduardo saverin $$2.6 billion. here is a clip from the social network. you signed the papers. you set me up? you re going to blame me because you were the business head of the company and you made a bad business deal with your own party? this will be like i m not a part of facebook. it won t be like. you re not part of facebook. a lot of controversy surrounding eduardo saverin, renounced his u.s. citizenship, moved to singapore, a country with no taxes on capital gains. this move estimated to reduce his tax bill by a cool $67 million and that has two senators so, so peeved, so upset they want legislation to make people like severin pay. sarerin turned his back on the country that welcomed him and kept him safe, educated and helped him become a billionaire. this is a great american success story gone horribly wrong. eduardo saverin wants to ....

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CNNW Early Start May 18, 2012



facebook at $100 billion. the most valuable company ever at the time of its initial public offering. and more valuable than citi or mcdonald s. millions hoping it will help them boost their bottom lines this morning. dan simon is live at the facebook mothership in menlo park, california, where workers are marking the occasion by working all night long. seriously, dan, what s up with that? it s 2:00 in the morning here and we re wide awake. they re having a hack a thon, an opportunity for facebook employees to basically do what they do best build, design, create. they do this periodically, an interesting public relations move as we re about to begin the trading of the stock. what they want to do is send a message to the world that they built this company on building stuff. so that s what they re doing. they posted pictures to the website showing what s going on inside some of these rooms. in terms of the fundamental challenge facing facebook in the future, it s exact ....

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