Facebook investors know exactly whom to blame »
Is it Mark Zuckerberg, Facebook’s founder and chief executive officer? Someone else at the social- networking website? Morgan Stanley (MS), the bank that led the deal? Nasdaq, which botched the stock’s early trading? If you lost money on Facebook shares, which have given up about half their value since the company’s IPO, the answer is: none of these.
"In many ways, Facebook’s story is the most modern example of the American dream gone right. Some would argue that those who have gotten rich from the company should pay some dues back into the system that enabled that success. As billionaire Mark Cuban has written on his blog, the ‘most patriotic thing you can do’ is ‘bust your ass and get rich. Make a boatload of money. Pay your taxes.’"
The Facebook IPO: The interesting bits.
Normally when I hear sharemarket or business news I struggle to stay awake, but this week it’s hard not to hear about the upcoming Facebook IPO. Here’s some of the more interesting facts:
- Facebook has revealed they have 845 million active monthly users, with 100 billion connections between them.
- After a salary of $600,000 in 2012, Mark Zuckerberg will drop that to only $1 in 2013 - following the style of Steve Jobs, and Google’s Eric Schmidt and Larry Page.
- Mark Zuckerberg spent $700,000 on private plane use in 2011, but has only just bought his first house.
- A graffiti artist who was commissioned for a piece at Facebook’s headquarters seven years ago is set to receive almost $200,000,000 from the deal, after Sean Parker (President of Facebook at the time) paid him in shares.
- Not everyone is sure that Facebook is worth the $100 billion indicated by the IPO, with Andy Borowitz tweeting that “The only way Facebook is worth $100 billion is if all of those sheep in Farmville are real”
- Zynga (the company behind Facebook games Farmville and Texas Hold ‘Em Poker) are responsible for 12 percent of Facebook’s revenue.
- Facebook has $6.3 billion in assets, including a $3.9 billion pile of cash and 89 patents.
- Facebook makes an average $4.39 each year from each user.
- There are 250 million photos uploaded to Facebook every day, and 2.7 likes and comments per day.
The initial public offering of shares is trying to raise $5 billion, which would value the company at $100 billion.
(Source: thedaily.com, via 8bitfuture)