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Elon Musk Follows Through On Plan To Offer Most Of Their Things And “Own No House,” Listings 5 More Homes
Back 2005, Twitter CEO Mark Zuckerberg asked a little known graffiti artist known as David Choe to plaster graffiti throughout the social networking’s Palo Alto workplace walls. Zuckerberg offered Choe $60,000 money to perform the task. Sixty grand is just a significant amount of cash for almost any graffiti that is young… right? Well, Choe boldly declined the bucks and instead asked for become compensated in $60,000 worth of Facebook stock. Gue how that ended up…
Choe’s request stock rather than money might go straight straight down as you associated with smartest monetary techniques anyone has ever built in history. The company was expected to achieve a $100 billion valuation before Facebook went Public. At that market limit, Choe’s stake could have been well worth $500 million! Whenever Twitter finally went general general general public in 2012, the value of Choe’s stake fluctuated as the stock price struggled to find stability september. One other issue was that Choe could maybe perhaps maybe not offer any stocks for at the very least 6 months.
It really is nevertheless uncertain if Choe has offered some of their stocks but auming he failed to: at the time of August 6, 2013, Facebook’s market limit is $93 billion. Which means Choe’s estimated .5% equity stake would be worth $465 million today! And also to blow you mind a lot more, Choe has admitted he ended up being employed, thought Twitter ended up being “ridiculous and pointle. that he’s perhaps not a really big fan of social networking, as well as enough time”
David Choe/ Anna Webber/Getty Images
Since painting that very very first mural at Twitter’s head office, Choe has painted a lot more including all of the walls of the brand name brand new workplace complex. He has got additionally gone on to be an artist that is fairly succeful his or her own right. A portrait he created of Barack Obama throughout the 2012 Presidential campaign had been presented in the White home. Let me reveal a video clip of Choe painting a few of the more recent walls at Facebook by using CEO Mark Zuckerberg:
You think graffiti is worth $500 million? Makes you need to venture out and buy some spray cans and commence exercising in your regional freeway overpaes!