You've probably heard about this by now, because it's all over the news: Facebook has filed for its initial public offering. What you may not know are the numbers, and I feel compelled to point them out.
According to Forbes, Facebook had net income of $1 billion on revenue of $3.71 billion for 2011, up from $606 million net income and $1.97 billion revenue for the year before. Yes, the company's profits account for more than a quarter of its revenue. Google has a similar earnings-to-profits ratio, although its figures are an order of magnitude higher: $9.7 billion net income on $37.9 billion revenue for 2011.
Other facts of note: Facebook has $3.91 billion in cash. Its user base amounted to 845 million "monthly active users" as of December 31, which reportedly represents a 39% increase over usage stats from a year before.
Reuters notes that Facebook is looking to sell about $5 billion worth of shares in an IPO "expected to be Silicon Valley's largest ever." Amazingly, however, co-founder Mark Zuckerberg will retain "almost complete control" over the company. He'll own a whopping 56.9% of voting shares.
Considering how Zuckerberg has steered Facebook from a dorm-room project into a multi-billion-dollar business, I doubt anyone would want it any other way.
|1. Ryszard - $603||2. Hdfisise - $600||3. Andrew Lauritzen - $502|
|4. Redocbew - $350||5. the - $306||6. SomeOtherGeek - $300|
|7. chasp_0 - $251||8. Ryu Connor - $250||9. mbutrovich - $250|
|10. YetAnotherGeek2 - $200|
|ASRock kills its SkyOC BCLK overclocking feature||63|
|Square Enix patches Rise of the Tomb Raider for the PC||30|
|Deals of the week: Samsung's 850 EVO 1TB SSD for $290 and more||45|
|National Bubble Gum Day Shortbread||15|
|NEC PA322UHD-2 blends a 4K IGZO panel with pro features||18|
|Google Safe Browsing blocks sites with fake download buttons||53|
|National Homemade Soup Day Shortbread||39|
|Audiosurf 2 is worth a look||26|
|Stop bezel shaming. All bezels are beautiful.||+69|