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).
Good luck with the marriage, Kanye, because there is nothing Kim Kardashian won't do...including making out with her step brother. Brody Jenner let it slip that Kim once made out with her step brother Brandon. From the Daily Mail: Read more
You've no doubt heard of the speed of light. It is the fastest speed possible for any physical object. But have you heard of the speed of dark? Darkness is the absence of light, but what if that wasn't the whole story? Here's Michael of Vsauce explaining the theory: Read more