Facebook Founders Strike it Rich - The Daily Beast:
"Going public is great news for Facebook's early investors—some well known, and some not so well known. The graffiti artist who painted the walls of Facebook's first office stands to make $200 million off the stock he took in lieu of cash. Sheryl Sandberg, Facebook's chief operating officer, has 1.9 million shares, but may get 38.1 million more according to the filing. That would make her one of a few women billionaires in Silicon Valley. Mark Zuckerberg's father, a dentist, will get two million shares for providing “initial working capital,” and Dustin Muskovitz, Zuckerberg's college roommate, will get 133.8 million shares. Facebook announced its $5 billion public offering Wednesday, which will likely value the whole company at $75 to $100 billion."
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New York Times
Blogger Comment:
Obscene largess of Wall Street showered on Facebook founders and employees... do you hear the Dotcom Bubble straining and ready to Pop again?
OccupyWallStreet take note that the 1% just got richer thanks to Wall Street astutely placing this fast growing company's common stock in Pension Funds across the Globe, not unlike the distribution of Mortgaged Back Securities.
It is antithetical to quibble about SUCCESS in our Capitalist System; this is the end result of taking RISKS on developing an unproven idea that has gone VIRAL in its acceptance across generations of computer users on laptops, Ipads, Iphones et al all over the entire world.
The financial numbers reported for Facebook are eye-popping to say the least.
The world's largest social network site, based in Menlo Park, Calif., has filed a prospectus for an initial public offering, or IPO.
The eight-year-old company, which has more than 800 million users in a network of more than 100 billion connections, is planning a public listing in the second quarter to raise $5 billion US. The firm is estimated to have a total market value of up to $100 billion US.
That would be the most for an internet IPO since Google Inc. and its early backers raised $1.9 billion in 2004. The final amount will likely change as Facebook's bankers gauge the investor demand
Facebook facts:
Depending on how long regulators take to review Facebook's IPO documents, the company could be making its stock market debut in May.
To make money, Facebook sells the promise of highly targeted advertisements based on the information its users share, including interests, hobbies, private thoughts and relationships.
Though most of its revenue comes from ads, Facebook also takes a cut from the money that apps make through its site. For every dollar that "FarmVille" maker Zynga gets for the virtual cows and crops it sells, for example, Facebook gets 30 cents.
Amid the buoyant optimism about Facebook's prospects as a public company, some analysts see troubling parallels to the dot-com boom of the late 1990s, which turned into a devastating bust in the early 2000s. The biggest fear is that some investors will become so enamored with Facebook's brand and brawn that they will try to buy the IPO share with little financial analysis or recognition of the risks.
'via Blog this'
Blogger Comment:
Obscene largess of Wall Street showered on Facebook founders and employees... do you hear the Dotcom Bubble straining and ready to Pop again?
OccupyWallStreet take note that the 1% just got richer thanks to Wall Street astutely placing this fast growing company's common stock in Pension Funds across the Globe, not unlike the distribution of Mortgaged Back Securities.
It is antithetical to quibble about SUCCESS in our Capitalist System; this is the end result of taking RISKS on developing an unproven idea that has gone VIRAL in its acceptance across generations of computer users on laptops, Ipads, Iphones et al all over the entire world.
The financial numbers reported for Facebook are eye-popping to say the least.
The world's largest social network site, based in Menlo Park, Calif., has filed a prospectus for an initial public offering, or IPO.
The eight-year-old company, which has more than 800 million users in a network of more than 100 billion connections, is planning a public listing in the second quarter to raise $5 billion US. The firm is estimated to have a total market value of up to $100 billion US.
That would be the most for an internet IPO since Google Inc. and its early backers raised $1.9 billion in 2004. The final amount will likely change as Facebook's bankers gauge the investor demand
Firm reveals it has 845 million active users
Facebook facts:
- Founded in 2004.
- 845 million active users.
- $5-billion IPO planned.
- $1-billion profit in 2011.
- $3.71-billion revenue in 2011
- $3.15-billion advertising revenue in 2011.
- Average user spends 7 hours a month on site.
Depending on how long regulators take to review Facebook's IPO documents, the company could be making its stock market debut in May.
To make money, Facebook sells the promise of highly targeted advertisements based on the information its users share, including interests, hobbies, private thoughts and relationships.
Though most of its revenue comes from ads, Facebook also takes a cut from the money that apps make through its site. For every dollar that "FarmVille" maker Zynga gets for the virtual cows and crops it sells, for example, Facebook gets 30 cents.
Amid the buoyant optimism about Facebook's prospects as a public company, some analysts see troubling parallels to the dot-com boom of the late 1990s, which turned into a devastating bust in the early 2000s. The biggest fear is that some investors will become so enamored with Facebook's brand and brawn that they will try to buy the IPO share with little financial analysis or recognition of the risks.
'via Blog this'
