There was a giant deal made earlier this month when Facebook purchased the photo-sharing service Instagram for about a $1 billion. Facebook is going to make the payment by a combination of 70 percent stock and 30 percent in cash. M&A analysts then calculate the stock price for Facebook at around $30 a share.
Based on how shares of Facebook have been trading on the secondary market it leads to a $104 billion valuation because Facebook stock has been selling for as much as $40. Kevin Systrom who is one of Instagram’s founders actually brought up this valuation number and it seems to be about right according to most reports.
I was talking about Facebook and how the very successful Internet entrepreneur Kevin Rose has now joined Google. But I wanted to take a different approach in this post and enlighten you on the homes of some of these tech titans.
I guess I should start with the most famous of all the tech titans. His $7 million home in Palo Alto, CA is still considered modest even though it is a far cry from his Harvard dorm room where he started the social network giant that is Facebook.
Zuckerberg may be a baby face, but Pincus is a seasoned pro and has made full use out of Facebook’s popularity and cashed in with his online games like CityVille and Farmville to shell out on a bunch of different multi-million dollar homes.