• The deal is the most expensive in the city so far this year
Mark Zuckerberg and Priscilla Chan have sold one of their San Francisco homes for $31 million in an off-market deal, a spokesperson for the family confirmed.
The deal marks the most expensive sale in San Francisco so far this year, according to Zilllow. Built in 1928, the 7,386-square-foot home has four bedrooms and four bathrooms, and is on the edge of the Mission District and Dolores Heights neighborhoods of the city. The sale closed on July 1, but records of the transaction have just become publicly available.
The Facebook-cum-Meta co-founder, 38, and his wife, 37, purchased the home in 2012 for just under $10 million through a California-based limited liability company, SFRP, according to records with PropertyShark. A grant deed between the seller and the buyer was signed on SFRP’s behalf by Na’eem Salaam, the vice president of operations of the Chan Zuckerberg Initiative.
Although a representative for the organization confirmed the deal, Mr. Zuckerberg and Ms. Chen were not available for comment.
The buyer was a limited liability company based in Delaware, PropertyShark records show. Mansion Global was unable to identify the buyer further, but Michael M. Gordon, a director at the law firm of Gordon, Fournaris and Mammarella in Wilmington, was listed as the contact for the LLC. He did not immediately return a request for comment.
When the couple bought the home 10 years ago, it was about 1,800 square feet smaller and its sale price likely set a record for the Mission District at a time when San Francisco was seeing the early signs of a tech takeover, The Wall Street Journal reported at the time.
Founded in 2015, the Chan Zuckerberg Initiative aims “to help solve some of society’s toughest challenges—from eradicating disease and improving education, to addressing the needs of our local communities,” according to its website. Ms. Chan and Mr. Zuckerberg are the co-founders and serve as co-CEOs.
Last March, they purchased close to 600 acres of land on the Hawaiian island of Kauai for $53 million, Mansion Global reported. That brought their total holdings to more than 1,300 acres on the Hawaiian island.
In addition, the Silicon Valley home where Mr. Zuckerberg and other Facebook co-founders launched the social media platform hit the market in May for nearly $5.3 million. The price was dropped to just under $5 million a few weeks after it was listed, and taken off the market earlier this month. It’s currently being offered as a rental for $11,000 a month.
PHOTO: Mark Zuckerberg and Priscilla Chan recently sold a San Francisco home for $31 million, about $21 million more than they paid for it in 2012. GETTY IMAGES
Popular microblogging app, Twitter has unveiled its new logo.
The new logo was made public by Twitter owner Elon Musk and its new CEO.
The social media app on Sunday hinted that it would ditch its bird logo, be rebranded with the name X and move quickly into payments, banking and commerce, according to AFP.
Founded in 2006, Twitter takes its name from the sound of birds chattering, and it has used avian branding since its early days, when the company bought a stock symbol of a light blue bird for $15, according to the design website Creative Bloq.
Tweeting a picture of the company’s new logo – a white X on a black background – late Sunday night, Twitter chief executive Linda Yaccarino said “X is here! Let’s do this.”
Also late Sunday night, Musk changed his profile picture to the company’s new logo, which he described as “minimalist art deco,” and changed his Twitter bio to “X.com,” which now redirects to twitter.com.
Musk had earlier tweeted that “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.”
Musk also tweeted that under the site’s new identity, a post would be called “an X.”
The changes were not visible on the website as of 0630 GMT Monday.
Musk had already named Twitter’s parent company the X Corporation, and previously said his takeover of the social media giant was “an accelerant to creating X, the everything app” — a reference to the X.com company he founded in 1999, a later version of which went on to become payments giant PayPal.
Such an app could still function as a social media platform, and also include messaging and mobile payments.
“Powered by AI, X will connect us in ways we’re just beginning to imagine,” Yaccarino tweeted earlier on Sunday.
Yaccarino, an advertising sales executive at NBCUniversal who Musk poached last month to become Twitter’s CEO, said the social media platform was on the cusp of broadening its scope.
“X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities,” Yaccarino tweeted.
Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.”
“Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news,” he wrote.
The Securities and Exchange Commission of Nigeria had declared that Binance Nigeria was operating illegally in the country as it is not registered or regulated by the SEC.
Details later…
According to the app’s website, the “social internet” of the future will give users more options and creators “independence from platforms”.
However, the app is still under development and may only be accessed with an invite code.
“We’re building the AT Protocol, a new foundation for social networking which gives creators independence from platforms, developers the freedom to build, and users a choice in their experience,” the website stated.
Using financing from Twitter, Mr Dorsey started developing Bluesky as a side project in 2019. In late February, it was first rolled out to iOS users.
As per TechCrunch, the basic features for monitoring likes or bookmarks, modifying tweets, quote-tweeting, direct messages and using hashtags, which are available on Twitter are not present in Bluesky at launch. This will make the app a more streamlined version of Twitter than what it initially appeared to be.
Additionally, it’s incorporating decentralisation into its own protocol, the AT Protocol, rather than adding to the work already done on ActivityPub, the protocol powering Mastodon, an open-source Twitter alternative and a variety of other decentralised apps in the larger “Fediverse”, the term for these connected servers hosting free, open-source web publishing software, as per the outlet.
The demand for the application has been growing and has 20,000 active users currently.
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