Facebook is Going to make you Rich: Facebook Creates a Venture fund

 

Facebook, Inc. (FB) Nasdaq  initiates a venture arm to invest in startups.Facebook is reportedly establishing its own multi-million dollar fund to invest in “leading private companies alongside top venture capital firms and angel investors”, The Axios reported on Thursday. The fund could help Facebook find new and emerging companies to invest in and help them become greatly successful. This is step in the right direction for Facebook as small businesses need investment.

Facebook had a job opening for head of investments to manage a fund investing in “leading private companies alongside top venture capital firms and angel investors.” The post no longer exists, so perhaps it has been filled.

Mark Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder. He also is a co-founder of the solar sail spacecraft development project Breakthrough Starshot and serves as one of its board members. Source: Click here-

Sheryl Kara Sandberg is the chief operating officer of Facebook, the founder of LeanIn.Org, and a philanthropist. In June 2012, she was elected to Facebook’s board of directors, becoming the first woman to serve on its board.  In response to Sheryl’s 2010 TEDTalk on the ways women are held back—and the way we hold ourselves back—viewers around the world shared their own stories of struggle and success.

Facebook continues to bring new features to the platform member to benefit from.Facebook is testing a new feature where those that search for factual data such as what appears on Wikipedia or another platform. The information will appear within Facebook without the user reverting to an outside website and leaving the platform.

 

 

Mark Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder. He also is a co-founder of the solar sail spacecraft development project Breakthrough Starshot and serves as one of its board members. Source: Click here-

 

Top Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Group, Inc. (The)          188,828,724        Mar 30, 2020      7.85%    31,496,631,163

Blackrock Inc.     159,221,271        Mar 30, 2020      6.62%    26,558,108,002

FMR, LLC              124,247,137        Mar 30, 2020      5.17%    20,724,422,451

Price (T.Rowe) Associates Inc      108,819,909        Mar 30, 2020      4.53%    18,151,160,821

State Street Corporation               95,449,004           Mar 30, 2020      3.97%    15,920,893,867

Capital Research Global Investors             72,328,001           Mar 30, 2020      3.01%    12,064,310,566

Capital International Investors   51,583,155           Mar 30, 2020      2.15%    8,604,070,254

Top Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Total Stock Market Index Fund              67,790,793           Dec 30, 2019       2.82%    13,914,060,263

Growth Fund of America Inc        54,561,186           Dec 30, 2019       2.27%    11,198,683,426

Vanguard 500 Index Fund            48,078,340           Dec 30, 2019       2.00%    9,868,079,285

Fidelity Contrafund Inc  43,602,965           Jan 30, 2020        1.81%    8,803,874,663

Price (T.Rowe) Blue Chip Growth Fund Inc.            21,950,660           Dec 30, 2019       0.91%    4,505,372,965

Vanguard Institutional Index Fund-Institutional Index Fund           21,762,517           Dec 30, 2019       0.91%                4,466,756,614

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