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    Facebook Graffiti Artist 'Set For Millions'

    A graffiti artist hired by Facebook to paint the company's first headquarters in 2005 could reportedly be worth millions when it floats on the stock exchange this year.

    Rather than accepting cash for his murals seven years ago, David Choe apparently accepted company stock as payment.

    At the time he carried out the work, Mr Choe reportedly considered the concept of Facebook "ridiculous and pointless" according to the New York Times.

    But now Mr Choe, who lives in Los Angeles, California, has an active Facebook page, hosting numerous photographs of his work - including the Facebook HQ murals.

    And his shares are expected to be worth around $200m (around £127m) when the company's stock trades publicly later this year.

    On Wednesday, the California-based social networking giant announced a $5bn (£3bn) public offering .

    Facebook's total value is estimated as much as $100bn (£63bn), putting it on a par with McDonald's, but behind Apple and Google.

    It would be the largest floatation ever by an internet company on Wall Street.

    Mark Zuckerberg launched the website eight years ago from his Harvard University dorm room.

    Last year, it reported net income of $668m (£422m) last year, up from $372m (£235m) the previous year.

     

    8 comments

    • Spydaweb  •  London, England  •  3 months ago
      Hmmm some jealous people commenting on here yet again, I'd bet that you'd be singing a different tune if you'd have come up with the idea of Facebook.
    • Al  •  3 months ago
      Its all Monopoly money. I know a guy who works for face book and has shares four shares to be exact. Ah bless!
    • Mystery  •  3 months ago
      Good one; very talented
    • teddy  •  London, England  •  3 months ago
      zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!
    • Pete  •  Madrid, Spain  •  3 months ago
      Whichever way you look at the figures it simply does not stack up. The only people likely to make money are the directors and existing shareholders and, assuming they have appointed any, the investment banks and lawyers who are organising the float. After the launch expect the vessel to sink beneath the waves.
    • Joe Perfect.  •  Ilford, England  •  3 months ago
      Umm, yes and these shares will be worthless when the US senate pass the copyright laws and close down 'You Tube' 'Myspace' and 'Facebook' for infringement.
      • The Horse 3 months ago
        They will just move somewhere else and the US will lose the tax revenue.
      • Spydaweb 3 months ago
        The US government would loose truck loads of money paid in taxes by Facebook so I don't suppose for one moment that is ever going to happen.
    • The Horse  •  London, England  •  3 months ago
      How on earth can something that dosen't even physically exist in real life be worth £3billion? - barmy
    • orli  •  Stevenage, England  •  3 months ago
      I would like to know why Facebook in their "wisdom" have temp locked my a/c with no explaination and of course I have no way of contacting them - I dont download etc they are asking for ID such as passport etc???? oh yes I am going to do that N OT I am a grandma nothing more