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Business financial make money capital trading Mark Zuckerberg faced scandal after scandal during the last decade running Facebook (FB)


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Business financial make money capital trading Mark Zuckerberg faced scandal after scandal during the last decade running Facebook (FB)

Getty Mark Zuckerberg saw Facebook through a financially successful decade that saw the company’s share price rise since its IPO in 2012.He also got married to his longtime girlfriend Priscilla Chan, had two children, and bought several houses and properties.Despite personal and professional successes, the latter half of the decade was marked by scandals and…

Business  financial  make money  capital  trading Mark Zuckerberg faced scandal after scandal during the last decade running Facebook (FB)

Business financial make money capital trading

business  financial  make money  capital  trading Mark Zuckerbergbusiness  financial  make money  capital  trading Mark Zuckerberg


Getty


  • Mark Zuckerberg saw Facebook through a financially successful decade that saw the company’s share price rise since its IPO in 2012.
  • He also got married to his longtime girlfriend Priscilla Chan, had two children, and bought several houses and properties.
  • Despite personal and professional successes, the latter half of the decade was marked by scandals and congressional hearings for Zuckerberg that led to increased criticism and scrutiny of the CEO and his social media company.
  • Visit Business Insider’s homepage for more stories.

Facebook CEO and cofounder Mark Zuckerberg spent the decade overseeing Facebook’s rise in prominence in daily life. From the company’s 2012 IPO, to buying Instagram and WhatsApp, it has continued to be successful and has made Zuckerberg one of the richest people in the world.

Although the company has been successful, its last decade has also been full of scandals and accusations, ranging from a psychological experiment conducted on 70,000 unconsenting Facebook users which examined how changes in the News Feed could impact their mental health, to claims the social network was censoring content.

And then there was Facebook’s role in spreading fake news — which was used to incite a genocide in Myanmar — and the revelation of mishandled Facebook user data in the Cambridge Analytica scandal being utilized to target voters in the 2016 US presidential election. More recently, Facebook’s decision not to fact check political ads has drawn ire from politicians, journalists, and even the company’s employees.

Scroll on to see what Mark Zuckerberg got up to this decade.

Business financial make money capital trading 2010 was big year for Mark Zuckerberg. He was named Time’s Person of the Year, seven years after starting Facebook.

business  financial  make money  capital  trading mark zuckerberg time magazine person of the year 2010 copy


Time


Source: Time

Business financial make money capital trading That same year, “The Social Network” was released and won awards for its portrayal of Facebook’s founding. Zuckerberg maintains that many of the details in the film are inaccurate.

business  financial  make money  capital  trading The Social Network


Sony


Source: Biography

Business financial make money capital trading In 2011, Mark Zuckerberg started settling into Palo Alto. He and girlfriend Priscilla Chan bought a house to live in, plus the four surrounding houses for privacy, totaling about $50 million. They also adopted a dog, named Beast.

business  financial  make money  capital  trading beast dog mark zuckerberg


Facebook


Source: Business Insider

Business financial make money capital trading 2012 was the year that Facebook bought Instagram for $1 billion, right before Facebook went public.

business  financial  make money  capital  trading facebook instagram


Shutterstock


Source: The New York Times

Business financial make money capital trading The very next day, Zuckerberg married longtime partner Dr. Priscilla Chan, who had just graduated from medical school.

business  financial  make money  capital  trading Mark Zuckerberg Priscilla Chan wedding


Facebook


Source: The New York Times

Business financial make money capital trading The couple honeymooned in Rome, and Zuckerberg got to live out his obsession with Augustus Caesar.

business  financial  make money  capital  trading Facebook CEO Mark Zuckerberg jogging Rome


Mark Zuckerberg/Facebook


He told the New Yorker “My wife was making fun of me, saying she thought there were three people on the honeymoon: me, her, and Augustus. All the photos were different sculptures of Augustus.”

Source: Business Insider

Business financial make money capital trading In 2013, a whitehat hacker tried to report a security bug to Facebook. When no one responded, he hacked Mark Zuckerberg’s account and posted the bug on his wall.

business  financial  make money  capital  trading Male hacker coding.

Male hacker coding.
GettyImages/ Hero Images


Source: The Washington Post

Business financial make money capital trading Zuckerberg spent $100 million on two Hawaii properties in 2014, which include a white sand beach and a former sugarcane plantation. The land purchases would later spark a backlash among natives of the island who felt they were being pushed out.

business  financial  make money  capital  trading mark zuckerberg hawaii


REUTERS/Rick Wilking and Trulia


Source: Business Insider

Business financial make money capital trading That same year, Facebook faced criticism for the revelation that it was conducting psychological tests on 70,000 unconsenting participants in 2012, removing certain words from users’ newsfeeds to test how it affected their reactions to posts.

business  financial  make money  capital  trading Mark Zuckerberg

Facebook CEO Mark Zuckerberg.
Shu Zhang/Reuters


Facebook COO Sheryl Sandberg said “This was part of ongoing research companies do to test different products, and that was what it was; it was poorly communicated. And for that communication we apologise. We never meant to upset you.” 

Source: The Guardian

Business financial make money capital trading In 2015, Zuckerberg and Chan had their first daughter, Max, short for Maxima.

business  financial  make money  capital  trading Mark Zuckerberg and Priscilla Chan with their daughter Max

Mark Zuckerberg and Priscilla Chan with their daughter Max.
Facebook


Source: Business Insider

Business financial make money capital trading In 2016, Zuckerberg and the Chan Zuckerberg Initiative announced that they would invest $3 billion toward curing the world’s diseases, with a goal of curing them within their daughter’s lifetime.

business  financial  make money  capital  trading Mark Zuckerberg and Priscilla Chan


AP


Source: Business Insider

Business financial make money capital trading 2016 was a tough year for Facebook, and it faced controversies for removing an iconic Vietnam war photo, suspending video of the Dakota Access Pipeline protests, and other removals that made people question Facebook’s content policies.

business  financial  make money  capital  trading FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018.  REUTERS/Dado Ruvic/Illustration/File Photo


Reuters


Source: The Guardian

Business financial make money capital trading The company also faced heavy criticisms for misinformation surrounding the 2016 US Presidential election, especially after a Buzzfeed report showed that false news stories outperformed real news. Mark Zuckerberg posted to Facebook an apology and plans to improve.

business  financial  make money  capital  trading Mark Zuckerberg


Drew Angerer/Getty Images


Source: Facebook, Buzzfeed

Business financial make money capital trading In November, BuzzFeed and Bloomberg reported that Facebook spent the second half of 2016 trying to buy TikTok’s predecessor, Musical.ly. The company’s interest in the China-based app drew scrutiny in light of Mark Zuckerberg’s recent criticisms of the Chinese app.

business  financial  make money  capital  trading Musically


Musical.ly


Source: Business Insider, Business Insider

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Business financial make money capital trading Then in 2018, news of the Cambridge Analytica scandal broke, revealing that the data-analytics firm improperly obtained data from tens of millions of Facebook users.

business  financial  make money  capital  trading facebook zuckerberg cambridge analytica trial5


Andrew Harnik/AP


Source: Business Insider

Business financial make money capital trading Following the reveal that Cambridge Analytica used Facebook user data to target voters, Zuckerberg testified before Congress in April 2018.

business  financial  make money  capital  trading mark zuckerberg congress facebook awkward

Facebook CEO Mark Zuckerberg, takes a drink of water while testifying before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington, Tuesday, April 10, 2018, about the use of Facebook data to target American voters in the 2016 election.
AP Photo/Andrew Harnik


Source: The Guardian

Business financial make money capital trading In 2019, the FTC fined Facebook $5 billion over violations of user privacy, which was a record-breaking fine for a tech company.

business  financial  make money  capital  trading facebook ceo mark zuckerberg

Facebook Chief Executive Officer Mark Zuckerberg arrives for a hearing before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, Oct. 23, 2019, to discuss his plans for the new cryptocurrency Libra.
AP Photo/Susan Walsh


Source: Business Insider

Business financial make money capital trading Facebook also announced its plans to launch a cryptocurrency called Libra, and in October Zuckerberg once again testified before a committee of the House of Representatives on financial impacts and regulations about the cryptocurrency,

business  financial  make money  capital  trading libra mark zuckerberg congress october 2019

FILE PHOTO: Small toy figures are seen on representations of the virtual currency before the displayed European Union flag and the Facebook Libra logo in this illustration picture
Susan Walsh/AP Images


Source: Business Insider

Business financial make money capital trading The latest scandal on Zuckerberg’s plate has been about political advertising on Facebook. The company does not fact check political ads, which has drawn criticism from politicians and employees, and seems like it will continue to be a headache for Facebook — especially going into the 2020 election.

business  financial  make money  capital  trading Mark Zuckerberg


GERARD JULIEN/AFP/Getty Images


Source: Business Insider

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