Facebook CEO Mark Zuckerberg gained a little privacy for the low price of four Palo Alto houses. PHOTO: Jason McElweenie
Facebook CEO Mark Zuckerberg has purchased four houses, and is leasing them back to their owners. Is the young billionaire expanding into real estate? Is he building a facebook village? No, Zuckerberg just wants a little privacy. While Facebook makes more money the more it sells your information, Zuckerberg has some billions to throw around, and he is using them to create a sort of fortress around his Palo Alto home.
Zuckerberg is leasing the purchased houses back to their previous owners, so the occupants of said houses won’t change. What Zuckerberg gets out of this real estate is control. He was perturbed when he found out that his name was being used to sell products to his facebook friends…sorry, never mind. That was someone else. Zuckerberg found out that a developer planned to purchase one of those houses and use Zuckerberg as a draw to drive up the price. Not wanting to be more of a neighborhood item than he already is, Zuckerberg used what he made that month in interest on his savings account (give or take) to purchase the four homes around him.
Though Zuckerberg’s use of wealth seems excessive, at least he isn’t using all those houses for his own personal use. Like Facebook itself, Zuckerberg isn’t seeking to change the environment around him so much as to bring it under his control.