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).
It’s the end of the year! Hooray! With the change in digits comes (hopefully) and end to all the horrible celebrity deaths and your year-end bonus! Or your Christmas bonus. Or just some extra money for Christmas. Has it got to the point where you think you might be a little long in the tooth for splurging on anything? Read more
It’s perhaps one of the strangest findings in the whole of modern science - that going to church can actually improve your health. For the all the disbelievers out there, it might sound rather far-fetched. But the evidence is in, and it seems to suggest what some church-goers have known all along: that their Sunday morning habit is one of the best things that they can do for their health. Read more