• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

The scene at Facebook’s Hacker Way

By
David A. Kaplan
David A. Kaplan
Down Arrow Button Icon
By
David A. Kaplan
David A. Kaplan
Down Arrow Button Icon
May 18, 2012, 6:03 PM ET
Add Fortune on Google for similar content.

FORTUNE — In the Alice in Wonderland-universe of Silicon Valley, realities can be deceiving. That fellow in a T-shirt and flip-flops is a billionaire and “We’re not in it for the money” means they probably are. So it was today at the headquarters of Facebook. That each employee and press flack declared “Today was just another day” pretty much confirmed it was not.

Facebook (FB) finally went public, closing at $38.37, barely a Lamborghini above its offering price of $38. Most of the 2,000 or so employees here had spent the night at a “hackathon,” coding some future Facebook app or feature. Philz, the in-house coffee shop, opened at 5 a.m. for the bleary-eyed. The employees wore special gray T-shirts made just for the day. Emblazoning the T-shirts: STAY FOCUSED AND KEEP HACKING, even if the thought balloons over a few employee heads might have read NEW WINE CELLAR or SMALL YACHT! Never did the instantly recognizable huge blue “Like” sign that marks the entrance to Facebook look more appropriate.

MORE: Rice Business Plan Competition: Hail to the champions

At 6:30 a.m. outside and in front of almost every one of those employees, Mark Zuckerberg — co-founder, CEO, wunderkind of social media, and the richest curly-haired twentysomething on the planet — remotely rang the opening bell of the Nasdaq back in Manhattan. “All this might seem like a big deal,” he told his brigade of engineers and marketers. “But here’s the thing: our mission is to make the world more open and connected.”

Big deal? Of course not! Unless you count as ordinary the minting about 1,000 millionaires and the creation of about $100 billion in the public markets. Social mission? No doubt. But there was also the thing about pricing your stock at the really high end — about 107 times earnings, raising $16 billion for the company.

In a cordoned-off parking lot of the 57-acre campus of pastel-colored buildings that used to be home of Sun Microsystems, 10 satellite trucks — from CNN’s to Agence France-Presse’s — beamed out the latest updates on the stock price, with commentary from network stars. Journalists hoping to learn whether treasure was being counted inside learned from stray employees in the parking lot that they risked their jobs if they said anything other than “no comment.” Remarkably, on this day when risking your job was a particularly bad idea, most told me “no comment.”

MORE: The draconian hidden penalty on student loans

I did learn, though, many employees actually weren’t there, as the hackathon all-nighter left them exhausted and they went home. I did not learn whether they were on their way to check out $2-million fixer-uppers in Palo Alto — sorry, all-cash bids only — because at that moment a security guard pulled up in a pickup truck and urged me to go visit Google (GOOG). Just kidding about Google. But I was informed that I couldn’t ask employees any questions. That rule didn’t apply the delivery guy from purpletie.com, which specializes in corporate door-to-door dry cleaning and laundry around the Valley. He told me today was a particularly light day. But he steadfastly declines to talk about Zuckerberg’s signature hoodies.

By the time the stock market had closed, most of the circus had left town. The newscopters had long departed and the security guards had gone home. Around the Menlo Park neighborhood, some of it surprisingly rundown, few seemed to have noticed the celebrated event that had taken place at Facebook. But one fellow on the roadside apparently had a sense of humor. He was holding up a sign that said WILL CODE FOR FOOD. Who knows, maybe he’ll start a company tomorrow that in a few years will go public and itself make a fortune.

About the Author
By David A. Kaplan
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

aus
LawSocial Media
Australia’s under-16 social media ban is failing, so the government is (literally) doubling down
By Rod McGuirk and The Associated PressJune 29, 2026
1 hour ago
usa
EnvironmentHeat
Long and dangerous heat wave to roast America from Dallas to New York through July 4th holiday
By Marc Levy and The Associated PressJune 29, 2026
1 hour ago
swisher
Politicspodcasts
‘Podcasts are the NBA’: Scott Galloway on Kara Swisher’s big success — ‘there’s a small amount of people making a lot of money’
By Steven Sloan and The Associated PressJune 29, 2026
1 hour ago
np
PoliticsColleges and Universities
Nancy Pelosi brings her legendary congressional knowhow to a new Berkeley institute with $35 million in funding
By Kevin Freking and The Associated PressJune 29, 2026
1 hour ago
bm
PoliticsWhite House
As Bill Maher accepts Mark Twain Prize, the funniest thing is the tarp draped across the Kennedy Center
By Steven Sloan and The Associated PressJune 29, 2026
2 hours ago
comcast
Big TechMarkets
Comcast stock jumps 24% for agreeing to break up with itself
By Michelle Chapman and The Associated PressJune 29, 2026
2 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
4 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
2 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
1 day ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
1 day ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
1 day ago
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
Politics
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
21 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.