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.
|Asus teases custom Radeon R9 290X with DirectCU II cooler||44|
|Next Windows release could be more desktop-friendly||34|
|Report: NSA put agents in World of Warcraft, Second Life||65|
|Bay Trail could power $99 Android tablets||25|
|Rumor: Google cooking up Nexus TV box||35|
|Friday night topic: Awkward moments||118|
|Deal of the week: IPS displays and 7'' tablets||24|
|Dell's Venue 8 Pro will be $99 at select Microsoft Stores on Monday||84|