TSX69
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http://gawker.com/5597100/mark-zuckerbergs-age-of-privacy-is-over
Zuckerberg in his driveway. Behind him is his Acura TSX, which is a couple years old and worth about $20,000. "It's an entry-level luxury vehicle," says Jalopnik editor Ray Wert. "It's the sort of car you might see a first-year lawyer driving."
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6SPDTL
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People forget that facebook is the biggest thing on earth that hasn't made any money! In fact, it doesn't have a cogent way to make money at all!!!!
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aznxthuggie
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wow his gf is ugly. Sry, had to say it.
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siegen
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6SPDTL wrote:
People forget that facebook is the biggest thing on earth that hasn't made any money! In fact, it doesn't have a cogent way to make money at all!!!!
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Advertising anyone?
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Chris_6MT
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6SPDTL wrote:
People forget that facebook is the biggest thing on earth that hasn't made any money! In fact, it doesn't have a cogent way to make money at all!!!!
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They had $1.1bn revenue last year you idiot.
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6SPDTL
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You forget costs. Dipshit. It took amazon 10 years to make 1 penny.
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RMTRADER
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6SPDTL wrote:
You forget costs. Dipshit. It took amazon 10 years to make 1 penny.
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Okay - THAT is funny.
You are correct, the company has lost huge amounts of money each and every quarter since its existence.
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HondaJet
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If you guys read Thomas Stanley's "The Millionaire Next Door" or his other best-selling "Stop Acting Rich", this picture does make perfect sense. Another big shot that owns an Acura TSX is Timothy Geithner, US Secretary of the Treasury. In "Stop Acting Rich" Tom Stanley,PhD tells of a story of a DECAmillionaire Engineer that owns a Honda Civic. The guy tells Stanley he chose the Civic because its an engineering marvel. Check it out.
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Blue_Sky_surfer
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May be I'd have more faith in one who choose a TSX over a Tesla; one whose gf is considered 'ugly' - by some (anyway, such personal affair is none of my business, as long as it's not causing a distraction, like some others) - than one who chases after 'beautiful' 'stars'.
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Waldo
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aznxthuggie wrote:
wow his gf is ugly. Sry, had to say it.
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No, you didn't.
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6SPDTL
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No wonder we are in an economic hole. Dear trader, facebook is a growing corporation whose expenditures far outstrip its revenues. Essentially all the capitalization is due to market investment rather than actual revenue streams from advertisements and such. As such Facebook has hardly figured out on how to make money aside from a steady strem of investment capital. Thus economically the emperor has no clothes. That doesn't mean its not worth anything, but they still have to figure out how to make money in a cogent way. Links to farmville, and credit report.com are not a revenue stream for a 1 billion dollar company, as I stated previously the facebook buisness model has still not turned a profit. Check the history of amazon and jeff bezos to see how long it took to make amazon profitable by the time it made money investment capitalization was in the many billions.
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Potenza
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Regardless, the article says the guy is worth about four billion dollars... and he drives a TSX. I think that's pretty cool.
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Blue_Sky_surfer
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Seems he currently is, amongst others, the most newsworthy 'tech' geek for all the right (or wrong) reasons.
Mark Zuckerberg, America’s youngest billionaire at 26, has not spent much money on himself. Forbes estimates his fortune at $6.9 billion, but Mr. Zuckerberg, chief executive of Facebook, has yet to sell any sizable portion of his holdings in the company.
He rents an unremarkable house within walking distance of Facebook’s headquarters here. He favors jeans and T-shirts, drives an Acura and, unlike many other technology moguls, does not own a private plane.
On Friday, Mr. Zuckerberg announced his biggest expenditure to date: a $100 million grant aimed at improving public education in Newark Source
He practically can walk from home to office.
What interests me is, what does it say to Acura's 'Smart Luxury'?
Does he buy Acura because of price or simply good value?
Can he be considered the 'face' of what Acura's 'Smart Luxury' stands for?
What worries me is guys like him may not be a real car 'enthusiast' or look for a newer, more 'luxury' or higher priced products (say a 'real' Acura coupe) for quite sometime.
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