Facebook has filled for $5 Billion IPO

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5886232170 6a49a61989 z 520x245 Its Official: Facebook has filed for a $5 billion IPO
In a move that has been hotly anticipated, Facebook has filed with the SEC to raise $5 billion in an initial public offering of stock in the United States. The company will trade with the stocksymbol of “FB”.
Yesterday, it had been predicted that Facebook would file initial paperwork for its public offering, seeking to raise $5B in its IPO bid with Morgan Stanley grabbing the lead bookrunner role and Goldman Sachs, Bank of America, Merrill Lynch, Barclays Capital and JP Morganfinishing off the total of six initial bookrunners.
The timeline puts Facebook’s public offering on slate for mid-May. It now has to enter a mandated quiet period, so it could mean that Timeline is the last new product we see from the company until that period is up.
To run through the numbers, Facebook is saying in the filing that it has 845 million active monthly users. The company made $3.71 billion in revenue, with $1 billion in profit in 2011, nearly doubling from 2010. At present, the company has $3.9 billion in cash on hand. Founder and CEO, Mark Zuckerberg, owns 28.4% of the company, drawing a $483,000 salary, with a $220,000 bonus in 2011. Facebook credits Zynga with providing 12% of its revenue in 2011 (more on that here).
The company is focuses on mobile, in the future, and with good reason:
“We had more than 425 million MAUs who used Facebook mobile products in December 2011. We anticipate that the rate of growth in mobile users will continue to exceed the growth rate of our overall MAUs for the foreseeable future, in part due to our focus on developing mobile products to encourage mobile usage of Facebook.”
The filing then goes on to explain, as a risk factor, that Facebook relies heavily on the interoperability of mobile OSs with its application:
“We are dependent on the interoperability of Facebook with popular mobile operating systems that we do not control, such as Android and iOS, and any changes in such systems that degrade our products’ functionality or give preferential treatment to competitive products could adversely affect Facebook usage on mobile devices.”
We’ll continue digging, but for now make sure to read the interesting facts that we’re finding in Facebook’s S-1.

Facebook has 845 million monthly users, and other interesting S-1 facts

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Facebook’s S1 has dropped, at last. Here are some of the things that caught our eye at first. To begin, the figures on the company’s current userbase:
g287954g94k38 520x664 Facebook has 845 million monthly users, and other interesting S 1 facts

Financial Numbers

2011 revenue: 3.711 billion dollars
2011 net income: 695 million dollars
Diluted 2011 EPS: 46 cents per share
As a note, at a PE of 100, Facebook’s share’s would be priced at around 46 dollars each, given that EPS figure. Assuming that Facebook will have grown by the time it picks a price, that number will have gone up. Of course, we don’t know what sort of valuation Facebook is shooting for.
Total income from operations in 2011: 1.756 billion
Total cash and cash equivalents on hand: 3.908 billion dollars
Total liabilities: 1.432 billion dollars

Social Figures

According to Facebook, these are their current use statistics:
  • We had 845 million MAUs as of December 31, 2011, an increase of 39% as compared to 608 million MAUs as of December 31, 2010.
  • We had 483 million daily active users (DAUs) on average in December 2011, an increase of 48% as compared to 327 million DAUs in December 2010.
  • We had more than 425 million MAUs who used Facebook mobile products in December 2011.
  • There were more than 100 billion friend connections on Facebook as of December 31, 2011.
  • Our users generated an average of 2.7 billion Likes and Comments per day during the three months ended December 31, 2011.

Who owns Facebook?

2012 02 01 16h01 581 520x142 Facebook has 845 million monthly users, and other interesting S 1 facts
Mark Zuckerberg, of course, is the largest owner. He’s followed by Accel Partners, co-founder Dustin Moskovitz and DST owns 5.4% of the company. Starting January 1st, 2013, Mark Zuckerberg’s salary will go from $500,000 to $1 per year.

Putting Facebook’s Revenue in Perspective:

As the excellent @Jwherrman put it: “Facebook’s 2011 revenue was $3.7b. For reference: AOL’s was $2.2; Google’s was 10 times higher, at ~$37b.”

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10 Fascinating Facebook Facts

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Facebook ImageFacebook’s astronomic rise, staggeringly large user-base, and world’s youngest self-made billionaire CEO make it one of the most fascinating companies around today.
While everyone knows the basics about the service’s Harvard dorm room origins, we’ve delved a little deeper to find out more interesting snippets of info.
Here are 10 facts you might not know about Facebook, so read on and let us know your favorites in the comments box below.

1. Al Pacino’s Face Was on the Original Facebook Homepage

Prior to a major homepage redesign back in 2007, Facebook’s front page used to feature a man’s face partly obscured behind a cloud of binary code.
Dubbed the “Facebook guy,” it was not known who the mystery man was — until recently. David Kirkpatrick has revealed in his book The Facebook Effect that the image is a manipulated photo of Al Pacino created by a friend and classmate of Mark Zuckerberg.

2. One Early Facebook Function Was a File Sharing Service



You won’t find this in the official Facebook timeline, but one of Facebook’s early add-ons was a peer-to-peer, or more technically friend-to-friend, file sharing service called Wirehog, developed alongside Facebook by Mark Zuckerberg and three others.
It launched in 2004 and is reported to have been planned as an integral FB feature. In 2005 Facebook was actively promoting the service and Zuckerberg told The Harvard Crimson “I think Wirehog will probably spread in the same way that thefacebook did.”
However, likely due to piracy concerns, Wirehog was axed in 2006 before Facebook got really big, although its photo-sharing functionality lives on in spirit.

3. The First “Work Networks” Included Apple and Microsoft



Many of you may know about Facebook’s initial staggered rollout, where they started with Ivy League colleges before encompassing other educational institutions. But do you know who Facebook first went corporate with in terms of official work places?
In May 2006, Apple and Microsoft were among the first, as was Intel, EA and Amazon. Others in the first round also included Accenture, Gap, Intuit, Pepsi, PricewaterhouseCoopers and the non-profit organization Teach for America. It wasn’t until September 2006 that everyone, regardless of school or company affiliation, could join Facebook — and just over a year later the site hit 50 million active users.

4. Facebook’s Hidden Easter Eggs


Facebook is no stranger to Easter eggs. Early on, mysterious movie-related references (apparently Zuckerberg is a big film buff) could be found littering the site.
The references could be found in the footer of the old “Friends Page” in 2007, and one of the first was a quail-themed quote from the film The Wedding Crashers. Later dubbed “quails,” other quotes with the avian theme continued to appear in the footer text, including “Only the craftiest of quails survive hunting season,” and “What doesn’t kill a quail only makes it stronger.”
In addition, Facebook once boasted a Konami Code (you know — up, up, down, down, left, right, left, right, B, A, enter) that changed the background of the site to display colorful circles and light flares.
Finally, there’s the “Chris Putnam,” a Facebook Chat Easter egg that still works today. To test it out, when in chat type in :putnam: and hit enter — ta da!

5. The Meaning of the Term Poke Has Never Been Defined


While Facebook explains how “poking” works on its help center, there’s no explanation to be found for the origin of the phrase. The most common definition is a friendly “nudge,” but the more flirtatious connotations cannot be ignored.
David Kirkpatrick reveals in The Facebook Effect that Zuckerberg once responded to a question about what a poke meant on the social networking site with: “We thought it would be fun to make a feature that has no specific purpose… So mess around with it, because you’re not getting an explanation from us.”

6. The Average Facebook User Has 130 Friends



How many Facebook friends do you have? To put your friend count in perspective, the average user has 130.Facebook’s official stats page is full of little gems like this, and more staggering stats, such as the fact that people spend over 500 billion minutes per month on Facebook, while the current active official user count now stands at over 500 million.
As far as Facebook the platform goes, over a million websites have integrated with Facebook, and more than 150 million people engage with Facebook on external websites every month.

7. There’s an App to See What’s on the Facebook Cafe Menu



Like at Google, Facebook staffers get three free meals a day (as well as free drinks and snackage) served up by the “Facebook Culinary Team” at Cafe X or Cafe 6.
If the staff want to know what’s on the menu, they don’t need to leave their seats. In fact, they don’t even need to leave their Facebook profiles — the “Lunchtime” Facebook app offers a weekly view of what’s being offered. And it looks real good.

8. Mark Zuckerberg Calls Himself a “Harvard Graduate”



As you can see for yourself over at facebook.com/zuck (the personalized URL Zuckerberg nabbed for himself), Mark Zuckerberg tells a little fib on his profile page. He lists himself as a “Harvard Graduate,” which simply isn’t true, as he dropped out to concentrate on getting Facebook up and running.
When 60 Minutes reporter Lesley Stahl confronted Zuckerberg with this little inconsistency, he said “That’s true. We don’t have a setting for dropout.”
Er, memo to Zuck — you kind of have the power to make that happen…

9. California is Huge on Facebook



As far as Facebook goes, California (home of Silicon Valley) is the most social state, with an amazing 15,267,160 users in the region, according to Facebakers. This amounts to a 41% penetration rate — pretty astounding that nearly half the state is connected via Facebook.
The next biggest user-base can be found in Texas with 9 million users, but it’s nowhere close to California. New York comes in third with 8 million, and rounding off the very bottom of the list is … Delaware. Of course, actual state population size is a factor here, but you get the point.

10. A Facebook Employee Hoodie Sold for $4,000 on eBay




If Facebook merchandise is collectible now, imagine what it will be worth in years to come. A Facebook employee standard-issue hoodie recently sold on eBay for a whopping $4,050 with nearly 50 bidders battling it out to win the auction.
The fact that Mark Zuckerberg had just been seen sporting the same garment at the D8 Conference and revealed its mysterious insignia to the world certainly helped up the bids, but considering the one that sold had not touched Zuckerberg skin, it’s an astonishing amount.

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