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
Samsung Galaxy Tab 4 8.0 video review: An overpriced upgrade to the Galaxy Tab 3 play video

Samsung Galaxy Tab 4 8.0 video review: An overpriced upgrade to the Galaxy Tab 3

Samsung makes loads of tablets and here's one of them, the Galaxy Tab 4 in the 8in size.
watch video »


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 »


Galaxy S5 Mini price must drop if it hopes to compete - Galaxy S5 Mini video review play video

Galaxy S5 Mini price must drop if it hopes to compete - Galaxy S5 Mini video review

Samsung's Galaxy S5 mini is a decent mid-range Android phone, but at £389 its price needs to fall quickly if it's to compete with its rivals. Here's our Galaxy S5 Mini video review.
watch video »




IDG UK Sites

Where to buy iPhone 6 and iPhone 6 Plus in the UK: Launch day price, deals and contracts

IDG UK Sites

Is Apple losing confidence in itself?

IDG UK Sites

Professional photo and video techniques for perfect colours

IDG UK Sites

How (and where) to buy an iPhone 6 or iPhone 6 Plus in the UK. Plus: What to do if you pre-ordered...