If you haven’t yet, mark yesterday on your calendar as the true start of social media dominance. After years of hearsay, Facebook finally filed its S1 registration with the Security & Exchange Commission (SEC). The filling not only gets Facebook that much closer to its IPO on the stock exchange, it also gave people insights to company’s operations, ownerships, among other things. Already profitable, with a revenue of $3.71 billion in 2011, other interesting data bits include its average monthly active users (845 million), likes & comments per day (2.7 billion), and one of its largest income source (game maker Zynga). But the most surprising revelation was graffiti artistDavid Choe‘s relationship with the company.
According to The New York Times, Choe first got involved back in 2005 when then Facebook President Sean Parker (also of Napster fame) asked the artist to paint murals at its Palo Alto headquarter. When asked whether he wanted cash or stocks for the work, Choe smartly chosen stocks even when he thought Facebook would come to little success. The story is quite different 7 years later and if the initial valuation of the company is correct, at an estimation of $100 billion in market value, David Choe’s shares would be equivalent to $200 million dollars. Thus making him on par with Damien Hirst as one of the richest artist alive today and certainly the richest graffiti artist around.
interesting.
(via inkwellfoto)
