California-based Social networking giants Facebook Inc has officially filed for its much anticipated Initial Public Offering. Moreover Facebook has just filed an S1 with Securities and Exchange Commission announcing its intention to go on public. Facebook plans to raise $5Billion from its offering. Facebook Inc Current cash equivalents, and marketable securities totals in at $3,908,000,000. The stock ticker symbol will be FB, The company is to be valued between $75 and $100 billion.
“Facebook was not originally created to be a company,” wrote CEO Mark Zuckerberg in a letter within the S-1.“It was built to accomplish a social mission — to make the world more open and connected… There is a huge need and a huge opportunity to get everyone in the world connected, to give everyone a voice and to help transform society for the future. The scale of the technology and infrastructure that must be built is unprecedented, and we believe this is the most important problem we can focus on.”
Here are the figures:
Facebook’s Revenue In 2011 was $3.71 billion a growth of 88% from a year earlier.
Facebook’s Net income was at $1 billion vs $606 million in 2010.
Facebook’s yearly revenue increased by 154%
Cash equivalents as of Dec. 31 $3.9 billion
Raising: $5 billion
Advertising revenue in 2011: $3.2 billion over $1.9 billion for 2010. An upward growth of 42% increase in ads delivered in 2011. There was an 18% increase in price of ads 2011.
3,200 – Employees as of Dec. 31.
1,173 – Employees added in 2011.
$1.5 million– CEO Mark Zuckerberg’s salary in 2011. He’ll take a $1 salary starting Jan. 1, 2013.
Facebook.com Usage:
845 million: Active users as of Dec. 31, a growth of 39% from a year ago.
More than 425 million users accesses Facebook from Mobile devices in December.
Facebook App is most downloaded app on all smartphones.
Facebook Ownership:
28% – Zuckerberg’s ownership stake. If Facebook’s valuation ends up being $100 billion as reported, his stake will be worth more than $25+ billion.
7%- Owned by Dustin Moskovitz.
11.4% – Accel Partners’ ownership stake is valued at $10 billion.
Head Over To SEC To Check Out Facebook’s Complete S1 Filing! Lets us know your thoughts on comments!
