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).
Inspired by medieval knights, the reflective 3M material upper features the signature colors of Onitsuka Tiger. The result is a classic runner with an undoubtedly futuristic look. Stay tuned for more info on the release, more pictures below. Read more
Expanding on its evoSPEED soccer boot collection, this BMW-PUMA collaboration celebrates the former's high-performance BMW M brand. The uppers feature super soft and ultrathin microfiber while retaining all technical specs of the PUMA evoSPEED 1.2 boot. An internal midfoot Everfit support cage ensures a snug fit at all times, while the outsole has been reconfigured with smaller conical studs to improve grip and enhance maneuverability on the pitch. Other details include a minimized tongue and heel, plus a sock liner for evenly distributing pressure to the foot. Limited to just 535 pairs, get yours here for $249.99 USD Read more
First released back in 2004, Dior's new version of the Dior Chiffre Rouge C03 Moonphase features a brushed steel case, leather crocodile strap and a beautiful moonphase indication powered by a Zenith Elite movement. The result is a a nice and minimalist design with a modern edge. Limited to just 100 units globally, retails for £5,990. Read more