Facebook officially announced on Wednesday via its filing for an initial public offering (IPO) how the company fared in 2011. The filling provides more insight on the company's revenue, reporting a $1 billion profit last year on revenues just over
$3.7 billion, an 88% increase in revenue over the previous year. The company currently has two other main sources of revenue: advertising, and partner payments from apps
that sell things on the Facebook platform.
While it might not be the first social networking site to go public, it is by far the largest since Google, and targets to raise around $5 billion. There's no doubt it will reach goal, seeing as it has 845 million active users (483 million of whom return to the site daily).
Ate too much this summer? Looking to get rid of fats you accumulated in the past couple of months? Who doesn’t want to get rid of unwanted weight anyway? While most vacations don’t necessarily make for an ideal setting when looking to lose weight, putting your healthy habits on the back burner for a few days while out travelling is definitely doable. Read more
Father’s Day is fast approaching and it can be incredibly difficult to know what to get him for a gift. While many people would opt for a new wallet or watch, there are some gifts that are priceless. Spending time with your dad is probably something he would appreciate much more than another tie to add to his collection. So, this year why don’t you take him for a well-earned break, and plan something a little special? Read more