We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
 

Video: Facebook files for $5 billion IPO


Facebook filed for a $5 billion dollar IPO Wednesday evening. The S-1 document filed with the US Securities and Exchange Commission revealed usage statistics like 483 million daily active users on the site, an nearly 50% increase from a year ago. The company made a billion in profit in 2011, up from about 600 billion in 2010. Among some of the more interesting facts in the filing are the executives pay. Founder and CEO Zuckerberg made the least in 2011, with his total compensation at about 1 and a half million dollars. Chief Operating Officer Sheryl Sandberg earned almost 31 million. Almost all of her compensation was from stock awards.

Analysts say that the money raised from the IPO will empower Facebook to mount a more serious challenge to Goolgle. And a better search function for Facebook could help it increase its share of advertising dollars. Facebook is also anticipated to continue to make itself a friendlier ecosystem for 3rd party apps.

Nick Barber, IDG News Service.

Video Source: IDGNS Boston
Article Author:
Video Category: News

Share this video



Comments

Most Popular Videos
5 reasons why PCs are better than Macs: Mac vs Windows PC - which is best? play video

5 reasons why PCs are better than Macs: Mac vs Windows PC - which is best?

What is best: Mac or PC? Here we examine five key areas, and help you to decide if you should buy a Mac or a Windows PC or laptop. (Answer: get a Windows machine.)
watch video »


How to download YouTube videos - watch videos offline later play video

How to download YouTube videos - watch videos offline later

We explain how to use your browser or a standalone application to download YouTube videos and other streaming video on the web.
watch video »


Samsung Galaxy S5 waterproof dunk test video play video

Samsung Galaxy S5 waterproof dunk test video

We see if the Galaxy S5 can survive a proper dunk in water in this video.
watch video »




IDG UK Sites

Netflix to introduce price increase: New subcribers to start with

IDG UK Sites

Apple financial results: iPhones, iPads & Macs sales for Apple's Q2 2014, plus shares to split

IDG UK Sites

Twitter - not news

IDG UK Sites

See Moo Studios' new animated advert for Blue Moon beer