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).
This is 22-year-old Sheikh Shujah. He is the half-Singaporean and Burmese son of oil tycoon Sheikh Babu Nooruddin. Shujah's father is rumored to be worth $750 million. As expected, Shujah is living the life of the rich and famous. Read more
How do you make a boring old camera store opening really grand? How do you even get people to care about cameras these days? You hire half-naked models to help 'clean' the store for its grand opening like this one in Taiyuan, China did. Read more
This story sounds like it was a page off some movie where a pregnant lady is rushing to the hospital but has no choice but to deliver the baby in the car. And instead of just any car, this woman delivered in an Uber. Read more