Around Town | October 18, 2013 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - October 18, 2013

Around Town

THE HYPOCRITICAL OATH? ... For a guy who made his multi-billion-dollar fortune getting people to share some of their most intimate details online, Facebook's Mark Zuckerberg sure is concerned about his own privacy. Zuckerberg raised more than a few eyebrows at the beginning of the month when the Silicon Valley Business Journal reported that he had spent more than $30 million to buy three of the four houses that border his Crescent Park home — an outrageous sum even by Palo Alto standards. Some speculated that he would use property ownership to construct a massive compound to live in, but fears of a Palo Alto Xanadu were allayed last week, when an unnamed source close to the deals told the Mercury News that Zuckerberg had bought the properties to lease them back to the families who live there already. It turns out that a developer who bought a next-door house was going to build a huge home and market it as "the house next to Mark Zuckerberg," according to the mystery source. By owning the properties near his house, Zuckerberg can control how they're bought and how they're marketed. For that, he's gotten plenty of ribbing in the media, who point out the irony that Facebook this month announced that users could not shield themselves from Facebook's Graph Search, which allows people to search for others based on where their personal information fits. But then again, the famous CEO has been the subject of at least one real-world stalker and had to get a restraining order against the obsessed man.

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