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Elon Musk Follows Through On Plan To Market Every One Of Their Things And “Own No homely House,” Listings 5 More Houses
Back 2005, Twitter CEO Mark Zuckerberg asked only a little known graffiti artist known as David Choe to plaster graffiti throughout the myspace and facebook’s Palo Alto workplace walls. Zuckerberg offered Choe $60,000 money to accomplish the task. Sixty grand is really a significant sum of money for just about any graffiti that is young… right? Well, Choe boldly declined the bucks and rather asked for become compensated in $60,000 worth of Facebook stock. Gue how that ended up…
Choe’s obtain stock in place of money may get straight straight straight down as you for the smartest economic techniques anybody has ever built in history. Before Twitter went Public, the organization ended up being likely to attain a $100 billion valuation. At that market limit, Choe’s stake might have been well 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 had been that Choe could maybe maybe maybe not offer any stocks for at the least half a year.
It really is nevertheless uncertain if Choe has offered any one of their stocks but auming he would not: at the time of August 6, 2013, Twitter’s market limit is $93 billion. This means today Choe’s calculated .5% equity stake is well worth $465 million! And also to blow you mind much more, Choe has admitted that he’s maybe not a tremendously big fan of social media marketing, and also at enough time he had been employed, thought Twitter had been “ridiculous and pointle.”
David Choe/ Anna Webber/Getty Images
Since painting that very very very first mural at Twitter’s head office, Choe has painted a lot more including most of the walls of the brand name office complex that is new. He’s additionally gone on to be always an artist that is fairly succeful his very own right. A portrait he created of Barack Obama throughout the 2012 campaign that is presidential presented during the White home. The following is a video clip of Choe painting a few of the more recent walls at Facebook by using CEO Mark Zuckerberg:
You think graffiti is really worth $500 million? Makes you intend to head out and buy some spray cans and commence exercising in your regional freeway overpaes!