Facts about FaceBook IPO Part II

Facts about FaceBook IPO Part I
That’s a lot of corn:-Facebook has been busy making money in recent years, as well as growing fast. In 2009, the company said it brought in $777 million in revenue. That figure grew to $1.974 billion in 2010, and then almost doubled in 2011 when the company had $3.71 billion in revenue and $1 billion in profit.

The S-1 filing also shows that digital cows, crops, and mafia hit jobs are a big source of revenue for the company; social game maker Zynga was responsible for about 12 percent of Facebook’s revenue in 2011.

Zuckerberg went to China but Facebook didn’t:-Facebook isn’t sure it can move into China and is concerned about any restrictions the Chinese government might put on the company. This is a lesson Facebook likely learned from Google’s problems with Chinese authorities in early 2010 that resulted in the search giant shutting down its “.cn” Chinese-language search engine. “We continue to evaluate entering China. However, this market has substantial legal and regulatory complexities that have prevented our entry into China to date,” Facebook said in its SEC filing.

Later in the document the company added, “We do not know if we will be able to find an approach to managing content and information that will be acceptable to us and to the Chinese government.”

Zuckerberg is king :-
Surprising Facts Learned from IPO PaperworkNot only will Zuckerberg serve as chairman and CEO, he will also be granted the power to name his successor if he still controls the company when he dies. “In the event that Mr. Zuckerberg controls our company at the time of his death,” Facebook’s S-1 filing says. “Control may be transferred to a person or entity that he designates as his successor.” This clause has struck some analysts as unusual, according to several reports including The New York Post and Bloomberg Businessweek, but the clause also makes it clear that Zuckerberg is Facebook’s ruling power.


About josain

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