Facebook graffiti artist in line for $200m payday
A graffiti artist, who decorated the walls of Facebook’s headquarters seven years ago is in line for a 200 million dollar payday when the social network makes its initial public offering (IPO).india Updated: Feb 03, 2012 19:33 IST
A graffiti artist, who decorated the walls of Facebook’s headquarters seven years ago is in line for a 200 million dollar payday when the social network makes its initial public offering (IPO).
Thirty-five-year-old David Choe painted the Facebook office in Palo Alto, California, in 2005, and was offered the choice by then-president Sean Parker of being paid a few thousand cash or the equivalent in shares.
Now, after a blockbuster five billion dollars Facebook stock exchange flotation, Choe, who took stock when offered the option, is one of at least 1,000 company employees set to become millionaires, The Daily Mail reports.
Choe, who reportedly considered the idea of Facebook ‘ridiculous and pointless’ at the time of his painting, recently went to the new Facebook headquarters in Menlo Park to spray paint a wall.
He also did the cover art for popular rapper Jay-Z and American rock band Linkin Park’s hit 2004 music album Collision Course and even created a poster of President Barack Obama for the White House.
Meanwhile, Facebook has submitted paperwork to regulators for the most anticipated Initial Public Offering, which is expected to value the hugely-successful company at up to 100 billion dollars.
According to a former employee, many ‘advisers’ to the company in its formative years were paid between 0.1 to 0.25 per cent of the firm. This now translates into tens and hundreds of millions.