Facebook officially filed its IPO today and the documents reveal that the social network's $3.71 billion revenue in 2011 has been dependent largely on its successful partnership with Zynga. Although Facebook generates a majority of its revenue from advertising, Zynga is responsible for almost all of the network's "Payments" revenue, worth 12% of total revenue.
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‘social network’ Stories
Facebook IPO launched officially
The social network known as Facebook has officially signed its Initial Public Offering, authorized by Ernst & Young LLP as having shares of its common stock available to the world today. Facebook seeks to raise $5 billion USD, just about half of what analysts were expecting on the whole. In the filing, its apparent that Facebook’s current cash, cash equivalents, and marketable securities totals in at $3,908,000,000 – that’s a lot of bank. Similar numbers can be seen in working capital at $3,705,000,000 and total stockholders’ equity at 4,899,000,000 – that being over 5 billion USD in pro form. Total assets, the biggest of the sets, sits at over 6 billion USD.
Facebook IPO could see Zuckerberg reward 800m users
Facebook's much-rumored IPO isn't enough for the tech industry; they want social network founder Mark Zuckerberg to throw in some of that old razzle dazzle with a tidbit to loyal users. Widely expected to be announced later today, the IPO will supposedly see Facebook attempt to raise as much as $10bn, with big investors tipped to flock to the coveted stock. Unfortunately, your average IPO doesn't hold much room for small investors to get a foot in the door.
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Facebook tipped for IPO by June
Facebook has been around since 2004, and has had investors since the beginning. The rumors keep swirling that Facebook is set to make an IPO, and according to sources cited by the Wall Street Journal, that IPO could come within the next five months. Sources have tipped that Facebook is targeting sometime between April and June for its IPO. According to rumors, Facebook could raise as much as $10 billion.
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PSA: Facebook Timeline absolutely cannot be undone, don’t be fooled
The scammers are coming out on Facebook in force this month, right from the start, to get you Timeline haters in their web and snare not just your Facebook account, but your computer’s contents as well. This is a public service announcement for you dreamers hoping to de-authorize Timeline from your Facebook account: you can’t, no matter what you see in an offer for a plug-in, a simple “like to fix,” or anything of that nature. Do not fall for these scams, ladies and gentlemen, there is no way out.
Twitter CEO: Tweet censoring is a good thing
Twitter has renewed its denials that recent policy changes allowing the social network to censor tweets are a sign that the company is proactively looking to manage shared content, arguing that it was merely a more transparent way of handling different free speech rules around the world. Speaking at Dive Into Media, Twitter CEO Dick Costolo portrayed the changes as a way of in fact making sure more people see tweets, AllThingsD reports, not fewer.
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Facebook says over 5 billion songs shared and talks frictionless sharing
I would wager many of us have friends on Facebook listen to a lot of music, and the links to that music are shared on the social network for you and others to listen along. It hasn't even been six months yet since Facebook launched music sharing, and already a huge number of tracks have been shared on the social network. Facebook music sharing was introduced last September at the F8 conference and since then there have been 5 billion songs shared.
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Facebook Timeline Movie Maker makes a movie out of your content
I think most of us would agree that the new Facebook Timeline isn't something we want on our profiles. I don't like the way timeline profiles look, and I'm sure I am not alone. Facebook has now launched a new app that will take all the content you put on your Timeline profile, and turn that content into a little movie. That sounds interesting, and some people will probably appreciate the new app.
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Obama post-State of Union Google+ hangout tonight
Tonight the President of the United States will rely on the power of Google+ Hangouts to address the people of the internet. This address has previously been billed as a post-State of the Union talk, but now appears to be more of a question and answer session in which questions submitted via the web have been voted upon by non-White House officials - voted upon by Google users, in fact. These questions will be answered by the President one by one in turn while the world watches from their computers, smart TVs, and mobile devices at home.
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Angry Birds heads to Facebook, won’t make up for Timeline
The insanely popular video game on mobile devices called Angry Birds is set to come to the Internet via Facebook. The giant social network has had some very popular video games in the past, such as the irritatingly popular game Farmville and others. You need to get ready to be hit with another onslaught of your Facebook friends asking for help in video games with Angry Birds headed to Facebook on Valentine's Day, February 14, 2012.
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Facebook Timeline and Apps turn users off with over-sharing
Facebook Timeline and the Open Graphs “apps” are proving more turn-off than value-add to users, according to research by security firm Sophos and SlashGear, with many considering deleting their Facebook account after the recent profile changes. Over 51-percent of Facebook users told Sophos they were “worried” by Timeline, which lists all your activity on the site in chronological order; meanwhile, 45-percent of respondents to a separate SlashGear poll said they might abandon the social network in protest.
Harvard wants the next Zuckerberg to stay at Harvard
Harvard University has teamed up with an organization called the New Enterprise Associates to create an initiative that hopes to keep great innovators in college before they run out and make millions. This, of course, is exactly what happened with Mark Zuckerberg and fellow software architect Bill Gates. The problem is all the good schools are in New England but all the dough is out on the West Coast. But no more, perhaps.
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