Facts about FaceBook IPO Part I

We always knew Facebook was big, but until the social network filed papers to become a publicly traded company, we didn’t know exactly how big. Facebook is very close to hitting the one-billion-users mark, and as predicted, that will probably happen in 2012. The company also turned a tidy profit to the tune of $1 billion in 2011. More than half of Facebook’s monthly active users visit the social network from mobile devices, and about 80 percent of Facebook’s fans are outside the U.S. and Canada.
Facebook Goes Public: Surprising Facts Learned from IPO PaperworkFacebook employees thanked users.The company hopes to raise about $5 billion during its initial public offering, which has yet to be scheduled. Facebook founder Mark Zuckerberg will serve as the company’s chairman and chief executive and will be the company’s largest and controlling stockholder.

Here’s a look at a few more tidbits included in the company’s recent S-1 filing with the Securities and Exchange Commission.

Lots and lots of users:-Facebook said it had 845 million active users as of Dec. 31, with slightly more than half of those people, 425 million, using mobile devices such as smartphones and tablets to visit Facebook. An average day on Facebook sees about 483 million people logging into the world’s largest social network, an increase of 48 percent over the previous year.

It’s all about likes, comments and photos Surprising Facts Learned from IPO PaperworkThanks to the presence of the Facebook “like” button on almost every website known to humanity, the social network adds another 2.7 billion likes and comments every single day. Users also upload 250 million photos to Facebook every 24 hours, and the social network has helped its users create 100 billion online friendships.

Click here to read Facts about FaceBook IPO Part II


About josain

I am from India, the world's largest democracy.
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