At long last, the Holy Grail of Internet IPOs is here. Facebook filed Wednesday to raise $5 billion in an initial public offering.
It's not yet known on which stock exchange Facebook will trade, or what its ticker symbol will be.
In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million daily active users.
The vast majority of Facebook's revenue comes from advertising: a combination of search and display ads.
Facebook's other revenue stream is its payment system for purchases within apps and games: Facebook Credits. Facebook keeps 30% of the revenue from those payments, and passes the remaining 70% on to the app developer.
Can you buy food, clothing, and transportation using Facebook credits?
Peoples greed and conceit payed off big for somebody.
This will be way overpriced just like Google. People are looking for a ground floor opportunity in the penthouse suite.
I could so care less about FB.
Farmville failed, too, btw…to hear my neighbor tell it…
While American Airlines wants to avoid paying the pensions promised to its employees, who PAID into it for years.
What's wrong with this picture? :-(
Charge up to the HILT. Have a great time, live good, go on vacation, buy a McMansion you can't afford, live in it for 3years years without paying for it. Then declare bancrupcy, MAFIA fronts do it all the time. Ever see a bar open over and over in the same place with a new name?
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