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).
Ryan McHenry, the creator of 'Ryan Gosling Won't Eat His Cereal' lost his battle to bone cancer last Sunday. Ryan Gosling finally eats his cereal to pay tribute to the meme creator. Here it is: Read more
Like how Kanye West likes to interrupt by saying Beyonce should be the winner of [insert whatever], it looks like she is indeed the winner of everything. She proved that by wearing this dress to this year's MET Gala. Read more
This might just be the nightmare Airbnb never wants aired out. A Canadian couple return home to discover their house has been trashed and destroyed after renting it out on Airbnb. The police explain it as the result of a 'drug-induced orgy.' Read more