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. BIF - $340||2. chasp_0 - $251||3. mbutrovich - $250|
|4. Ryu Connor - $250||5. YetAnotherGeek2 - $200||6. aeassa - $175|
|7. dashbarron - $150||8. Lucky Jack Aubrey - $100||9. Captain Ned - $100|
|10. Anonymous Gerbil - $100|
|AMD's Radeon RX 480 graphics card reviewed||173|
|Windows 10 Anniversary Update rolls out August 2||5|
|Dell shows off whiteboard-sized 70" interactive display||28|
|Gigabyte GTX 1070 Windforce OC makes Pascal more attainable||19|
|HP Chromebook 11 G5 gets touch-sensitive||4|
|Rumor: reference-cooled GeForce GTX 1060 breaks cover||74|
|Corsair's K70 RGB Rapidfire gaming keyboard reviewed||11|
|Asus' Turbo GTX 1070 flies under the radar||41|
|MSI readies a new salvo of microATX B150 motherboards||23|