Facebook boss - Mark Zuckerberg sells house, related to difficult neighbors?

Unexpectedly, a billionaire like Mark Zuckerberg also had to sell a house owned by the couple for more than 10 years.

The San Francisco home for $31 million is said to be a record for local real estate this year.

According to Bloomberg, a house of more than 650 square meters in the Liberty Hill neighborhood of San Francisco was purchased by Zuckerberg in November 2012 for $ 10 million, shortly after Facebook's IPO a few months ago. According to San Francisco real estate license filings, a year after buying the house, CEO Meta spent an additional $1.8 million on renovations.

The four-bedroom, four-bathroom home, located near downtown Mission District, Zuckerberg San Francisco General Hospital and the Trauma Center - was named after the billionaire after a donation he and his wife made in 2011.

It is not clear why Mark Zuckerberg sold the house. However, Sfirst said that since 2016, many neighbors have been dissatisfied with the fact that the US billionaire's security team almost occupied the area's public parking lot. In addition, in the process of renovating the old house into a spacious villa, the Zuckerbergs also brought a lot of trouble to the people around. Over the course of about two years, they remodeled the old details, adding a laundry room, wine room, bar, conservatory and many other upgrades.

In an anonymous letter titled "Hello Neighbors," a supposed resident wrote: "I'm sure you all agree that living next to Mark Zuckerberg can be tough. think we've all tried to be patient and act with dignity during their long build. Noise, trash and traffic jams... then two silver SUVs occupied the parking lot of our dreams. of the people around".

At that time, the Facebook boss and his wife did not give a response. According to local information, the house was built in 1928, on an area of more than 4,000 square meters. Over time, the property deteriorated, forcing him and his wife to remodel for two years.

According to the New York Post, this is just one of the cheapest real estate that Mark Zuckerberg owns. He has one of the oldest mansions in Palo Alto, California, bought for $7 million in 2011, before marrying Priscilla Chan. He then spent another 50.8 million USD to acquire the surrounding land to ensure privacy.

He also has two semi-detached homes of more than 40,000 square feet in the Lake Tahoe, California resort since 2018 for $59 million). The billionaire also owns another home in Silicon Valley.

CEO Meta also particularly likes Hawaii. Every year, he often comes here to travel and participate in outdoor activities such as surfing or hunting wild boar. In 2014, Zuckerberg spent $116 million to buy back 2,861 square kilometers of land in the Kauai region, including most of Pila'a Beach and the Kahu'aina Plantation. On it is a house of 566 square meters and a garage for 16 cars. This is also the working office of a Facebook security team.

In 2017, Zuckerberg started buying individual properties around. Although he could not take it all, he still decided to build a wall around it, making the local people uncomfortable and asking the American billionaire to act more friendly. Zuckerberg withdrew his intention, but still spent another $45.3 million to buy 12 pieces of Kuleana later.

The past time has not been very favorable for Zuckerberg, not only has just sold his house, even the tycoon is about to sell WhatsApp even though he bought it for an exorbitant $ 19 billion.

The Washington Post began the article saying, Mark Zuckerberg would probably wish he was cruising in a hydrofoil in Hawaii this Wednesday instead of at the company's second-quarter earnings conference. Meta Platforms Inc.

Analysts had to narrow their forecasts for the social giant, and Zuckerberg's own predictive comments to employees also suggested the numbers revealed during the meeting wouldn't be good. . Mark will also have to face the reality of WhatsApp's dubious purpose - Mark's biggest investment to date.

Not to mention, there are plenty of challenges going on across Zuckerberg's company. Instagram is mired in trying to copy TikTok. Young people don't want to use Facebook, the social network's overall growth has slowed, and Apple is blocking advertisers on Facebook's apps from targeting people.

But, the most worrisome is probably WhatsApp. The app with the green icon was never really popular in the US but is the most popular messaging service for most of the rest of the world. There are about 2 billion WhatsApp users, but in Zuckerberg's universe, it's more of a defensive ploy than a money-making machine like Instagram.

The contrast couldn't be clearer: Zuckerberg bought Instagram for $1 billion in 2012, and the app contributed $20 billion to Facebook's revenue in 2019 alone. Mark bought WhatsApp for $19 billion. in 2014, but it only contributed a very small part of revenue compared to Instagram.

Now, in response to an attempt by the US Antitrust Authority (FTC) to force the company to divest both WhatsApp and Instagram as part of a lawsuit against the company, Meta's lawyers could push One solution consists of divesting only 1 company. If that's the case, we can already guess which company Zuckerberg wants to quit!

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