Facebook’s Profits: $1 Billion, On $3.7 Billion In Revenues
Facebook just filed its IPO registration (SEC doc here) and its financials are off the charts. Facebook’s IPO document provides the first peek at its financials.
The company did $3.7 billion in revenues in 2011, and $1 billion in profits. That’s right. Net income was $1 billion. Profits grew 65 percent last year from $606 million in 2010. And revenues grew 88 percent.
Facebook’s S-1 Reveals: 845 Million Users Every Month, More Than Half Daily, Half Mobile
February 1, 2012 Comments Off
As part of its initial filing to go public, Facebook has just revealed some new user numbers that illustrate just how big it is.
It had 845 million monthly active users and 483 million daily active users as of December, for year over year growth of 39% and 48% respectively. Mobile is also half the user base, with 425 million monthly actives. Some other stats, which are a big more vague: 100 billion friend connections as of the end of last year, and 2.7 billion Likes and Comments per day during the last three months of the year.
Continue reading …Facebook’s much anticipated IPO filing has arrived, exciting tech reporters everywhere.
Continue reading …Social networking giant Facebook plans to go public, files for IPO to raise $5 billion
February 1, 2012 Comments OffSocial networking giant Facebook plans to go public, files for IPO to raise $5 billion
Continue reading …Pearson-Incubated Startup Alleyoop Launches To Gamify Adaptive Learning
February 1, 2012 Comments Off
According to the National Center on Education and the Economy, only 1 in 6 high school freshmen will go on to graduate from college on time, and about 25 percent of Americans drop out before they finish high school. A Pearson-backed startup launching today, called Alleyoop is betting that by combining adaptive learning with some elements of gamification, it can help prepare high schoolers and young people for college — and increase college graduation rates.
Facebook’s S-1 Letter From Zuckerberg Urges Understanding Before Investment
February 1, 2012 Comments Off
Facebook has just filed its S-1 to IPO. Below is the letter from founder and CEO Mark Zuckerberg about Facebook’s purpose, in which he explains “Facebook was not originally created to be a company. It was built to accomplish a social mission — to make the world more open and connected. We think it’s important that everyone who invests in Facebook understands what this mission means to us.”
Facebook the website is all about grabbing someone’s attention. So it’s safe to assume that Facebook the company has taken great care in choosing a ticker symbol that will do the same.
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