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).
Darth Vader finally gets his own car and it was created by Hot Wheels at first as a toy, and now a life sized variant. It is powered by an LS3 engine with 526 horsepower and is completely operational. Check it out below: Read more
Porsche showed off its 2015 Cayenne prior to its first public outing at the Paris Motor Show in October. They reworked the Cayenne's body by giving it an edgier look and added two new powertrains under the hood, including a petrol-electric plug-in hybrid and a twin-turbocharged 3.6 liter V6. Read more