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.
|Gigabyte's X399 Designare-EX adds Thunderbolt to Threadripper||7|
|No, you can't enable Threadripper's extra two dice||26|
|International Talk Like a Pirate Day Shortbread||25|
|Philips 328P6AU and 328P6VU monitors make the best of USB-C||7|
|Tuesday deals: graphics cards, a mobo, storage, and a big TV||13|
|EVGA Epower V breaks the shackles of stock GPU power delivery||22|
|Reminder: iOS 11 will arrive tomorrow||35|
|In the lab: MSI's Aegis 3 gaming desktop||13|
|Rumor: Eight-core desktop Intel CPUs and Z390 chipset riding in||28|