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).
The world is built on a bed of lies. Here are some 21 pictures that prove why it's so hard to trust anything, or anyone. What you see, is not what you get. Check out the gallery below, which mostly consist of false advertising. Read more
Hugging is super okay. Unless it is explicitly not welcomed from the other party. But before you go ahead and give another dude a hug, you'll need to learn some rules if you don't already know them. Check them out below: Read more
If you're looking for some funny sexual innuendo jokes, these comic book panels are full of it. We're pretty sure it doesn't tell the whole story, but when taken and singled out from the rest of the other panels, they do look pretty, unintentionally, sexual. And hilarious. Read more