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).
Nowadays, there are a lot of different ways we hand the responsibility for our safety and fair treatment to other people. We need to make sure that these people live up to that responsibility. If we are failed, then we deserve to hold those who have failed us accountable. So in this article, we’re going to see how you make sure those in authority do right by you. As well as what to do when they don’t. Read more