Mark Zuckerberg says he does not want to employ Americans (Legals) and wants Obama's OPEN BORDERS and hordes more illegals to keekp wages depressed

Time for a new hoodie? Mark Zuckerberg's personal wealth soars a staggering $3.8 billion in a SINGLE DAY thanks to 20 percent jump in Facebook's value

• Shares in Facebook soared 30 percent after better than expected financial results on Wednesday
• Zuckerberg's personal fortune has grown by almost $4 billion as a result
• How ranked No. 42 on the Bloomberg Billionaires Index with a net worth of $16.8 billion

By David Mccormack

Financial windfall: Mark Zuckerberg's personal fortune has soared a staggering $3.8 billion since Facebook announced impressed Q2 results on Wednesday

Facebook CEO Mark Zuckerberg’s personal fortune soared a staggering $3.8 billion between the company’s announcement of much better than expected second quarter earnings on Wednesday and the close of trading on Thursday.

Shares in the world’s most-popular social-networking service soared 30% to their highest level since May 2012, earning the company’s founder and CEO the equivalent of $15.83 million per hour.

When Facebook floated on the Nasdaq in May last year it was one of the largest initial public offerings in history, netting co-creator Zuckerberg more than a billion dollars.

But its share price fell dramatically months later and it saw $49 billion wiped from its value.

Surging demand for mobile advertising helped company revenues increase 53 percent to $1.81 billion for the latest quarter.

The earnings may quell concerns, voiced by analysts and investors since the IPO, that the rising popularity of smartphones and tablets is outpacing its ability to make money selling promotions to mobile users.

No word yet on if the famously frugal Zuckerberg has celebrated his latest windfall.

The billionaire is known for his life of the simple life, shunning material possessions to live a relatively simple existence and nearly always  wearing his trademark hoodies.

From mediocre to top performing: Facebook shares jumped 20 per cent after it announced better than expected Q2 financials

Instead, he and wife Priscilla have committed the majority of their wealth to charity.

This weeks windfall has pushed the 29-year-old far up the Bloomberg Billionaires Index ahead of Microsoft CEO Steve Ballmer and Dell chairman Michael Dell.

Zuckerberg ranked at No. 42 with a net worth of $16.8 billion. He was number 75 before the latest Facebook earnings were released and so far this year his net worth has swelled by 37%.

Microsoft co-founder Bill Gates, 57, remains the richest person in the world with a net worth of $72.2 billion, followed by Mexico’s Carlos Slim, 73, and then Warren Buffett, 82.

On Wednesday Facebook saw its second quarter revenue soar to $1.813 billion - a 53 percent increase on the same period last year.

 

Zuckerberg and wife Priscilla have committed the majority of their wealth to charity

Up until this week, the company had been accused of delivering a mediocre return since going public in May 2012, but that all changed on Wednesday when its value jumped 20 per cent to $31.81 during after-hours trading.

Facebook made $333m in net income from April to June compared with a net loss of $157m a year ago, according to the company's latest financial results.

An average of 699 million people used the social media platform every day in June, an increase of 27 percent on the same time last year.

The number of monthly users accessing Facebook on mobile devices - including smartphones and tablets - rose by 51 percent year on year to 819 million in June.

 

Facebook founder, Chairman and CEO Mark Zuckerberg, rings the Nasdaq opening bell on Facebook trading debut in May 2012

Facebook founder and chief executive Mark Zuckerberg said: 'We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile.

'The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future.'

Facebook said it made $1.6 billion of revenue from advertising, which was 88 per cent of total revenue and a 61 percent increase from the same quarter last year.

Mobile ad cash made up 41 per cent of advertising revenue for the first quarter of 2013, it added.

Introducing video to Instagram, the photo-sharing and editing platform Facebook paid a billion dollars for last year, saw five million videos uploaded in the first 24 hours, the company said.

 

Read more: http://www.dailymail.co.uk/news/article-2379419/Mark-Zuckerbergs-personal-wealth-soars-staggering-3-8-billion-SINGLE-DAY.html#ixzz2aGSqVrSo
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…and still they sabotage E-VERIFY to ease more illegals into our jobs!

FEDS PREDICT SOARING UNEMPLOYMENT UNTIL PAST 2015… Good time for amnesty?

http://mexicanoccupation.blogspot.com/2013/04/obamas-amnesty-and-soaring-unemployment.html

THE ENTIRE BASIS OF AMNESTY IS TO KEEP WAGES DEPRESSED.

“Tech tycoons like Larry Ellison and Mark Zuckerberg have gotten rich while wages in the technology sector have stagnated.”

Tech firms fight hiring rules in immigration bill

Americans would "be shocked to know that most of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin, D-Ill., said during a recent hearing.

http://mexicanoccupation.blogspot.com/2013/05/tech-billionaires-in-silicon-valley-say.html

VISAS

America… NO LEGAL NEED APPLY!

One-way trips to U. S. frustrate immigration authorities

An estimated 4.4 million people entered the country on legal visas and have never left. Officials often have no way of knowing whether they do.

http://mexicanoccupation.blogspot.com/2013/05/open-borders-visas-need-job-come-loot.html

IN AMERICA, NO LEGAL NEED APPLY!

Report details massive wealth loss for youth in US

By Nick Barrickman
18 March 2013

A recent report from Washington DC-based Urban Institute (UI) shows that overall percentage of wealth in society for those in “Generation X and Y” (those in their 20s and 30s) has been consistently dropping and is currently at a level which may be unprecedented.

http://mexicanoccupation.blogspot.com/2013/03/staggering-loss-of-wealth-for-americas.html

THE AMNESTY ASSAULT on AMERICA’S YOUTH – It’s all about keeping wages depressed!

Here are some key facts presented by the CBO: 1) There are now 40 million foreign-born people living in the United States, making immigrants a bigger share of our national population than at any time since 1920. 2) Twenty-two million — a majority of the foreign born — are non-citizens. 3) Eleven-and-a-half million — a majority of the non-citizens — are illegal aliens.

http://mexicanoccupation.blogspot.com/2013/05/the-amnesty-hoax-and-assault-on.html

Amnesty's Message: Send Us Your High School Dropouts...so we don't have to hire Americans!

 

DURING BARACK OBAMA’S FIRST TERM, 2/3s OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL.

IT’S ALL ABOUT MAKING BILLIONAIRES BY KEEPING WAGES DEPRESSED.

SHOULD WE KEEP IMPORTING FOREIGN BORN TECH WORKERS YEAR AFTER YEAR AFTER YEAR?

“Tech tycoons like Larry Ellison and Mark Zuckerberg have gotten rich while wages in the technology sector have stagnated.”

Silicon Valley Poverty Is Often Ignored By The Tech Hub's Elite

TECH GIANT APPLE COMPUTER SAYS HELL NO TO PAYING TAXES and HELL NO TO HIRING AMERIANS! KEEP THE BOATLOADS OF CHINESE AND INDIANS COMING!

http://mexicanoccupation.blogspot.com/2013/05/apple-ceo-defends-multi-billion-dollar.html

http://mexicanoccupation.blogspot.com/2013/03/obamas-america-is-silicon-valley-of.html

Tech firms fight hiring rules in immigration

bill

Fredreka Schouten, USA TODAY1:21 a.m. EDT May 7, 2013

Americans would "be shocked to know that most of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin, D-Ill., said during a recent hearing.

Story Highlights

• Bill provision that would require firms to post jobs for Americans is targeted
• Technology firms have spent millions on lobbying on immigration
• Judiciary Committee set to start working on bill

WASHINGTON – Technology firms, exercising new political clout on Capitol Hill, are lobbying against a measure in the leading Senate immigration bill that would make it harder for them to recruit workers from abroad without first taking steps to hire Americans for highly skilled jobs in programming, engineering and other fields.

The measure, part of a sweeping compromise bill drafted by a bipartisan group of eight senators, would require job openings to be posted on a new government website for 30 days and order companies to first extend job offers to "equally or better qualified" U.S. workers. It would give the U.S. Labor Department the power to review and challenge those hiring decisions.

Proponents say the measures are needed to curb abuses by companies who they say use the visa program to hire cheaper labor. Technology companies say the proposed rules would cripple their ability to hire the best employees from a global workforce and represent inappropriate government intrusion in internal hiring decisions.

The fight over hiring practices is part of the massive lobbying campaign underway on the immigration measure and will offer a fresh test of the technology industry's growing influence in Washington. The companies involved in the computer and Internet sectors spent nearly $140 million in lobbying last year -- more than twice the $69 million the industry poured into influencing Washington a decade earlier, according to data compiled by the Center for Responsive Politics, which tracks political spending.

The Senate Judiciary Committee is set to begin work on the bill Thursday.

The hiring battle centers on the program that grants H-1B visas, which go mostly to college-educated foreigners in science, technology, engineering and mathematics fields. Technology companies say they face a chronic shortage of qualified workers in these fields. The United States sets an annual limit of 85,000 visas for these companies, and the competition for them is intense: This year, U.S. Citizenship and Immigration Services opened up the application process April 1, and the cap was reached within a week.

Industry groups have made big gains in the Senate's immigration proposal. The bill, for instance, Would increase the H-1B cap to 205,000 annually. However, tech officials warn the new recruiting requirements could drive companies to move their skilled jobs overseas, rather than comply. A commonly cited example: Microsoft's decision to open a software center in Vancouver, British Columbia, after Congress failed to pass immigration legislation in 2007 that would have significantly increased the number of H-1B visas.

Under the bill, "employers are going to have an arbitrary government standard imposed on every hiring decision," said Robert Hoffman, the top lobbyist for the Information Technology Industry Council, a trade group. The proposed rule, he said, ignores subjective factors that influence hiring. "A perfect example: How does one define whether or not someone has the personality to fit into a corporate culture?" he said.

"We are not trying to change any of the fundamental policy goals that they are trying to achieve" in the Senate, Hoffman said. "We are just trying to tweak it, so that these goals and other goals, like retaining the best and brightest and growing in the United States, so that those types of goals are advanced as well."

Ron Hira, an associate professor of public policy at the Rochester Institute of Technology, has criticized the visa program, saying it allows firms to hire "cheap indentured labor."

"The technology industry is asking the government to come in and intervene in the normal functioning of the U.S. labor market, specifically on their behalf," Hira said.

Bruce Morrison, a former Connecticut congressman who lobbies on behalf of a group that represents American engineers, said the organization will object to any effort to "dilute worker protections" as the measure moves through the Senate. "The arguments from the companies is that there aren't any Americans to take these jobs," he said, "so there shouldn't be any problem."

The biggest users of H-1B visas are not brand-name companies, but little-known staffing companies that provide foreign workers on a temporary basis to U.S. companies — including banks, health insurance companies and big retailers. Cognizant, a New Jersey-based company that employs 27,000 people in the USA, is the top user of the temporary visas, U.S. Citizenship and Immigration Services records show. Most of its workers come from India.

In addition, three India-based outsourcing companies rank among the top five recipients of H-1Bs, according to the federal data.

Americans would "be shocked to know that most of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin, D-Ill., one of eight senators who drafted the immigration bill, said during a recent hearing. "They're going to these firms, largely in India, who are finding workers, engineers, who will work at low wages in the U.S."

Durbin is a driving force behind the hiring requirements in the Senate proposal.

The measure would make business harder for staffing companies dependent on foreign workers. It would impose higher fees on firms that rely on overseas employees for more than 30% of their workforce. Starting in 2016, the bill would bar granting any new temporary visas for foreign workers at companies with more than half their workers on the visas. Both measures apply to companies that employ more than 50 people.

Cognizant spokesman John Procter said he did not have a breakdown on the percentage of the company's workers in the USA on H-1B visas. He said the bill imposes an "arbitrary, detrimental restriction on the number of skilled immigrants."

"It would really change the way America does business," he said. "The company is very focused on educating legislators and making sure this language doesn't make its way into any final outcome."

Cognizant hired its first federal lobbyist in 2010 andby last year, it had spent nearly $1 million on federal lobbying, congressional records show. Its team includes Democratic power broker Heather Podesta, who did not return a telephone call. Other companies also have stepped up their political activity.

Last month, Facebook founder Mark Zuckerberg, Netflix's Reed Hastings, Google's Eric Schmidt and other technology executives teamed up to underwrite an advocacy group to promote their views on immigration. Two of its subsidiaries began a seven-figure advertising campaign to shore up voter support for key senators in the immigration debate.

The tech industry "has clearly come of age," said Ellen Miller, executive director of the Sunlight Foundation. "In the last decade, we've seen this tremendous recognition from Silicon Valley of the need to play in the power circles — to both protect their bottom line and to alter the political scene to their advantage."

 

http://www.usatoday.com/story/news/politics/2013/05/06/tech-firms-lobbying-against-labor-immigration-measure/2137837/