Mark Zuckerberg Is Worth More Than Nokia

[onehandle]

Here’s one mobile strategy Mark Zuckerberg could try: Buy Nokia. If the 28-year-old cashed out all his Facebook stock today, he could buy up all of Nokia’s and still have a little under $6 billion left for himself.

On Friday, a day after announcing it was slashing 10,000 jobs, the Finland-based company was worth about $9.3 billion on the New York Stock Exchange. That’s a mighty fall from the middle of 2000, when Nokia’s market cap neared $269 billion as cell phones first became ubiquitous, especially the company’s indestructible bricks.

Apple’s value at the time was gnat-like by comparison. But that tiny bug became a massive pest by 2007, when the iPhone launched and Apple’s stock market worth surpassed Nokia’s for the first time this century, never to look back.

During its first full year as a public company, Google hung even with Nokia but soon pulled away as Android took off. Meanwhile, Microsoft has lumbered along, recently pinning its mobile strategy to Nokia, a company now 28 times smaller than Steve Ballmer’s baby.

http://www.wired.com/business/2012/06/mark-zuckerberg-is-worth-more-than-nokia

[Turbineguy]

1. But Zuckerberg's

is wealth is mostly counted in Monopoly money.

[Iggy]

2. And Soon

Zuck will be worth more than RIM.

Nokia's demise is unfortunate-- the takeaway IMHO is this shows the high tech
industry is not great at creating long term jobs.

[KurtNYC]

3. I'm not so sure. I mean he own a LOT of stock in a crappy company

and it is tanking. He should get together with other major stockholders and fire the CEO because the one they have ain't up to the job.

[HopeHoops]

4. The toenail clipping I left in the trash this morning is worth more than Nokia.

I had to use a Nokia phone for two years (work-issued) and it was far worse than the word "sucks" can express. Motorola makes some damn nice phones and so does Samsung. Nokia probably used their last dime to get their ring tone into the Corvette scene in the new Star Trek movie. That name is stained forever and can't be revived. Do they even make anything anymore? Never mind. I don't care. I wouldn't buy it anyway.

[onehandle]

5. Heh. I re-watched Star Trek over the weekend. That scene cracks me up.

Yeah. Nokia in the 2240s. Unlikely.

[HopeHoops]

6. Check out the "outtakes" in the special features. The Vulcan ship scene in Scotty's voice.