Mr. Choe said Facebook originally offered him $60,000 to paint murals in the company’s Palo Alto offices in 2005. Today, he said, the stock he took instead could be worth more than $500 million. Yes, that’s what he says: half a billion dollars to paint the murals.
Did a graffiti artist paint Facebook’s first office?
The most startling was David Choe, a graffiti artist who chose Facebook stock instead of cash when he spray-painted the first Facebook offices in 2005. Mr. Choe took to the airwaves on Tuesday as a guest on The Howard Stern Show to discuss his windfall. (Warning: the conversation, like Mr. Choe’s paintings, is very sexually descriptive.)
Did a graffiti artist turn to Facebook stock instead of cash?
The most startling was David Choe, a graffiti artist who chose Facebook stock instead of cash when he spray-painted the first Facebook offices in 2005. Mr. Choe took to the airwaves on Tuesday as a guest on The Howard Stern Show to discuss his windfall.
How much does it cost to paint a Facebook mural?
Mr. Choe said Facebook originally offered him $60,000 to paint murals in the company’s Palo Alto offices in 2005. Today, he said, the stock he took instead could be worth more than $500 million.
How much would 132 shares of Facebook worth?
Data source: Facebook's SEC filings. Shareholders have shared in the company's success. At today's price of around $191 per share, those 132 shares would be worth $25,212, resulting in a market-beating five-bagger.
Did David Choe sell his Facebook shares?
Although Choe sold some of the stock a while ago, he said, "I just sold a couple ... to just secure that I would have something out of this in case anything changed." Choe still has an estimated couple hundred million dollars after the exchange. "Don't feel sorry for me," he told Walters.
How much is David Choe worth 2020?
David Choe Net Worth: David Choe is an American painter, graffiti artist, graphic novelist, and muralist who has net worth of $300 million. Choe is known for his figure paintings and is identified with the bucktoothed whale in the graffiti world.
What was the name of the artist that got paid in Facebook stock?
A US graffiti artist who painted Facebook's offices is set to become a multi-millionaire when the social network begins trading as a public company. David Choe, who first spray-painted the walls of Facebook HQ in 2005, accepted shares in payment for his work.
What did David Choe do at Facebook?
Choe became infamous in Silicon Valley for allegedly being commissioned to spray-paint sexual graphics on the walls of Facebook's first Palo Alto office in 2005 by the company's founding president, Sean Parker.
How much is Jackson Pollock worth?
Jackson Pollock, “No. 5, 1948”—$140 million.
How much Facebook stock did David Choe get?
When Facebook went public at $38 a share in 2012, his stock options were worth $200 million, making him a bona fide multimillionaire. (Today the common stock is at more than $171 per share.) The windfall afforded Choe more than a little spending money. He used it in unique ways.
What is Mark Zuckerberg's net worth?
59.1 billion USD (2022)Mark Zuckerberg / Net worth
How much is David Choe art worth?
David Choe's work has been offered at auction multiple times, with realized prices ranging from 199 USD to 13,500 USD, depending on the size and medium of the artwork.
How did David Choe become rich?
Although he thought the Facebook business model was "ridiculous and pointless," Choe chose to receive company stock in lieu of cash payment for the original Facebook murals. His shares were valued at approximately $200 million on the eve of Facebook's 2012 IPO.
How many shares did David Choe receive?
David was offered $60,000 (₹ 44 lakhs) or stocks of Facebook. David hated websites like Friendster and MySpace – social websites which were popular back in those days. He disliked Facebook too and preferred to take the $60k in cash. Sean Parker, the first president of Facebook, convinced him to take the shares instead.
How old is Dave Choe?
46 years (April 21, 1976)David Choe / Age
Who painted the Facebook offices?
Graffiti artist: David Choe was asked to paint the Facebook offices in Palo Alto, California, in 2005, and was offered the choice of being paid a few thousand cash or the equivalent in shares
How much did the graffiti artist pay for Facebook?
A graffiti artist who painted the walls of Facebook's first headquarters seven years ago is set for a bumper payday of $200million after he agreed to take Facebook stock instead of cash for his work.
Where is Facebook most popular?
and the UK, and is most popular in Chile, Turkey and Venezuela.
Where is Mark Zuckerberg's Facebook headquarters?
This now translates into tens and hundreds of millions. Mr Choe, of Los Angeles, California, recently went to the new Facebook headquarters in Menlo Park to spray paint a wall, and can be seen in a video getting the help of founder Mark Zuckerberg, 27.
Who painted the offices in Palo Alto?
David Choe, 35, was asked to paint the offices in Palo Alto, California, in 2005, and was offered the choice by then-president Sean Parker of being paid a few thousand cash or the equivalent in shares. Now, after a blockbuster $5billion Facebook stock exchange flotation moved a step closer last night, he is one of at least 1,000 company employees ...
How much is Mark Zuckerberg worth?
Mark Zuckerberg#N#Age: 27#N#Net worth: $17.5billion#N#Owns 24 per cent of Facebook, previously worth $5.3billion#N#ROLE: Founder and Chief Executive Officer of Facebook#N#Currently creating his own monetary system 'Facebook Credits' to facilitate transactions and profits, according to Forbes.
Who is the graffiti artist for Facebook?
Facebook’s very own graffiti artist David Choe share the same story. Although he initially thought that Facebook was ‘ridiculous and pointless,’ Mr. Choe , a habitual gambler chose to receive company stock in lieu of cash payment when he spray-painted the first Facebook offices in 2005.
Who painted the murals on Facebook?
The murals are made by Facebook’s graffiti artist David Choe. According to Mr. Choe, Facebook originally offered him $60,000 to paint murals in the company’s Palo Alto offices in 2005.
When did Facebook start?
React. A A A. Since it started in 2004, Facebook has been such a great influence to billions of people worldwide. Mark Zuckerberg, Dustin Moskovitz and Sean Parker are only some of the biggest names behind the famous social networking site.
Who did Jay Z paint the cover of?
He also painted a portrait of then-Senator Barack Obama for a street art campaign. The original was later displayed in the White House.
Who was the first artist to move from graffiti to canvas based paintings?
He created some of the most admired graffiti pieces at the time but unfortunately much of his finest work is lost forever. Quinones was one of the first artists to move from graffiti to canvas based paintings. Today he is a well established artist with his paintings housed at permanent collections of museums.
Who was the most influential graffiti artist?
George Lee Quinones was one of the innovators of New York’s street-art movement and is considered by many to be the single most influential graffiti artist to emerge from that era. He began painting graffiti on subway trains in 1974 and within a few years attained legendary status in this new field.
What is graffiti 2020?
Graffiti are writing or drawings that have been scribbled, scratched or painted illicitly on a wall or other surface, often within public view. The word graffiti, or its singular form “graffito”, come from the Italian word graffiato which means “scratched”. While the practice of creating graffiti has ...
What is the name of the artist who created throw ups on cars?
Along with his crew, United Artists (UA), Seen quickly gained the reputation for producing full-color throw-ups on whole cars. He was one of the most renowned graffiti artists when graffiti as an art was still in its infancy. Seen is best known for his illustrations featuring comic heroes and television cartoons.
When did graffiti start?
Darryl McCray, known by his tagging name Cornbread, began the to write on the walls in Philadelphia in the late 1960s. The movement spread to New York City and blossomed into the modern graffiti movement, which reached its peak in the U.S. in the late 1970s and early 1980s, and then spread to Europe.
Where is the Giant of Boston mural?
This is a collaborative art duo of twins Otavio Pandolfo and Gustavo Pandolfo. Os Gemeos is a Portuguese word meaning “the twins”. Located in São Paulo, Brazil, the duo started their career in 1987 with spray-painting graffiti.
Who is the Godfather of Graffiti?
His work has been published in many acclaimed books including Subway Art by Martha Cooper and Henry Chalfant; and American Graffiti by Margo Thompson. Seen is one of the most famous graffiti artists in the world and for his contribution to the movement, he is often referred to as the Godfather of Graffiti.
Buying in at the IPO might have been something to brag about in 2012, but patient investors who used a different approach are the ones bragging now
When a company's stock gets released to the public in an initial public offering (IPO), there's usually not much news coverage outside of the financial media outlets. But that was not the case in 2012 when Facebook ( FB 4.61% ) announced its go-public event.
Facebook was a hit from Day One
It all started in 2004 when then-freshman Harvard student Mark Zuckerberg and his friends started "TheFacebook" as a way for students at the university to connect online. The announcement of the site was sent to an email distribution list of 300 students, but within the first 24 hours, four times that many had registered.
NASDAQ: FB
No wonder people were excited about the opportunity to own stock with this amazing growth story.
Getting in at the beginning
The stock was offered at $38 per share via the IPO. Let's assume you bought 132 shares for a total of $5,016 on May 18, 2012, and held all the way through to today. In the meantime, Facebook continued its incredible growth and has turned into a global juggernaut.
A different approach with better results
Facebook's IPO was largely viewed as a failure. In the days following the stock's release, it dropped -- and dropped and dropped. The stock stayed below the $38 mark for months and finally bottomed out in September 2012 below $18.
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Who painted the murals in Facebook?
In 2005, internet entrepreneur Sean Parker, a longtime fan, asked him to paint graphic sexual murals in the interior of Facebook 's first Silicon Valley office, and in 2007, Facebook CEO Mark Zuckerberg commissioned him to paint somewhat tamer murals for their next office.
How much was Choe's stock worth in 2012?
His shares were valued at approximately $200 million on the eve of Facebook's 2012 IPO.