Facebook's Billion-Dollar IPO
Facebook has filed with the U.S. Securities and Exchange Commission to take the company public, with a US$5 billion initial public offering later this year. Mark Zuckerberg, co-founder and CEO, is revealed to own 28.4 percent of the company. The company is valued somewhere around US$100 billion, which would put his share of stock worth US$30 billion. Other tasty tidbits revealed in the filing include:
- Facebook's assets on hand amount to US$6.6 billion against liabilities of US$1.4 billion.
- Facebook has over 800 million active active users.
- Facebook made US$1 billion in 2011.
- Facebook makes 85 percent of its revenue from ads, 12 percent from Zynga apps.
- More than 250 million photos are uploaded each day to Facebook.
In addition, MG Siegler points out some astounding comparisons on his blog:
- Facebook's profits were nearly twice those of Amazon in 2011.
- Facebook has more profit than Google had revenue when Google went public.
With the announcement of the impending IPO, co-founder Eduardo Saverin is reminiscing about the early days of Facebook, sharing this photo of The Facebook's log-in screen when the site first launched:
Looks like this will be a very interesting year ahead for the company.