Menlo Park, California – Every single one of Facebook’s 1.11 Billion users worldwide will receive a check for $38. This was announced by Mark Zuckerberg minutes after Facebook stocks closed at slightly above $38 per share last Friday, the first time it reached a level above the initial IPO price since the company went public more than 14 months ago.
Champagne flowed at Facebook’s headquarters in Menlo Park Friday night as managers and employees celebrated this milestone.
Zuckerberg, upon cajoling from his wife Priscilla , decided to share Facebook’s success with all its users. “After all, our users are technically our stockholders,” Zuckerberg said. “Without its users, Facebook is nothing,” he added. Asked whether he thinks this distribution will result in Facebook going bankrupt, Zuckerberg said he was not in the business for the money. “Besides, I am confident that each of our 1.11 Billion users will use their check to buy a share of Facebook stocks. So it will be awash.”
In order to receive their $38 checks, users must post and publicly share their mailing addresses on their Facebook page on or before August 31, 2013. Alternatively, they can post and share their bank routing number and checking or savings account number in order for funds to be deposited electronically to their account.