When a small company fails, the prices of the shares can fall pretty rapidly too. It’s difficult to predict which those companies will be. In the small cap space, there could be a few companies that go on to be large companies. Investing in the stock market is pretty much the same. Investing in startups is risky, but private equity investors take the risk because one hugely successful company can cover the losses of several failures. That right there shows the power of holding a stake in a company. There is very little info on whether David continues to hold some or all of those Facebook stocks, but today the value of his shares would be over ₹1.3 billion (₹ 9500 crore)! You can read the full interview where he speaks about a lot of things, including the Facebook shares he owns. ![]() On the Howard Stern show, David reveals that he does not exactly know how many shares he holds – but the shares have been split many times after he got them. When Facebook was listed at the stock exchange in May 2012, the value of his shares was close to $200 million (₹ 1450 crore). Sean Parker, the first president of Facebook, convinced him to take the shares instead. He disliked Facebook too and preferred to take the $60k in cash. and got a call from Sean Parker, who had previously liked his work.ĭavid was offered $60,000 (₹ 44 lakhs) or stocks of Facebook.ĭavid hated websites like Friendster and MySpace – social websites which were popular back in those days. He had just come out prison, didn’t have money with him. ![]() They wanted to paint the walls of the office with murals, for which artist David Choe was hired. It’s during this time, Facebook moved to Palo Alto and setup their first office. 17 years ago in the month of February 2004, the World’s biggest social networking website ‘Facebook’ was co-founded by Mark Zuckerberg, and his Harvard mates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.įrom a Harvard-only website in February 2004, the website opened up to other universities in March 2004 and grew rapidly.
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