Facebook laid bare: Secret finances of Zuckerberg's empire revealed - GoFuckYourself.com

DVTimes · 02-02-2012, 02:55 AM

Facebook announced today that it is to go public, eight years after its hacker CEO Mark Zuckerberg launched the company in his Harvard dorm room.

Any investor will now be able to buy in to Silicon Valley's hottest property, and the company is set to make its stock-market debut in three or four months as one of the world's most valuable companies.

Facebook, which is now based in Menlo Park, California, hopes to list its stock under the ticker symbol 'FB' on the New York Stock Exchange or Nasdaq Stock Market.

In its regulatory filing with the Securities and Exchange Commission, Facebook Inc. indicated it hopes to raise $5billion in its IPO - a new record for a technology company, surpassing Google's $1.9billion IPO in 2004.

Although the company did not provide an estimate for its total worth, previous deals have valued the firm at around $100billion.

This is a remarkable turnaround for a company which, as its founder explained in a letter attached to the filing, 'was not originally created to be a company', and still uses 'The Hacker Way' to guide its development.

The filing laid bare a number of key facts about the previously secretive firm - and exposed Mr Zuckerberg's strict control over many aspects of the company's management.
The site has 845million active users, and half of them typically visit the site on any given day.

While it may seem that everyone in the English-speaking world has a Facebook account, in fact the site has only penetrated 60 per cent of the market in the U.S. and the UK, and is most popular in Chile, Turkey and Venezuela.

The filing makes it clear that China, where Facebook is currently banned, is the next big target - but expresses doubt that it can craft a censorship policy which would be 'acceptable to us and to the Chinese government'.

Even without access to the Chinese market, and with relatively few users in countries like Japan and South Korea, Facebook managed to make $668million in profit last year, out of total revenue of $3.7billion.

Advertising accounted for 85 per cent of that revenue, but that was less than in previous years thanks to the spectacular success of games company Zynga, which contributed 12 per cent of Facebook's revenue through royalties which amount to 30 per cent of the money spent on Zynga's games via Facebook.

And despite the runaway growth of Facebook since its origins in 2004, amazing power remains concentrated in the hands of one man: Mr Zuckerberg.

Despite owning no more than a quarter of shares, he will control 57 per cent of votes even after the sale of shares to the public.

The company's filing even singled out Mr Zuckerberg's control as a major risk which could jeopardise the company's performance in future - it pointed out that he was able to vote 'in his own interests, which may not always be in the interests of our stockholders generally'.

But he will not prove much of a burden to the company financially - his salary, which was $500,000 in 2011, is set to drop to just $1 next year.

He is unlikely to miss his salary, however, as Forbes magazine estimated Mr Zuckerberg's wealth at $17.5billion in its most recent survey of the richest people in the U.S.

Other risk factors mentioned in the IPO document include the fast pace of the technology business, the possibility of negative publicity and faults in the company's privacy policy - a repeated source of complaints from users.

The company is also, perhaps surprisingly, concerned too many users will adopt Facebook apps for smartphones and other mobile devices - because the apps do not carry advertising, and therefore do not bring in revenue for the site.

In a letter included in the filing, Mr Zuckerberg painted a rosy, idealistic picture of Facebook.

'Facebook aspires to build the services that give people the power to share and help them once again transform many of our core institutions and industries,' he wrote.
'At Facebook, we?re inspired by technologies that have revolutionised how people spread and consume information. We often talk about inventions like the printing press and the television ? by simply making communication more efficient, they led to a complete transformation of many important parts of society.

'Today, our society has reached another tipping point. We live at a moment when the majority of people in the world have access to the internet or mobile phones ? the raw tools necessary to start sharing what they?re thinking, feeling and doing with whomever they want.'

Mr Zuckerberg also pledged to stay true to Facebook's scrappy roots even on the road to becoming a multinational corporation.

'The word "hacker" has an unfairly negative connotation from being portrayed in the media as people who break into computers,' he wrote. 'In reality, hacking just means building something quickly or testing the boundaries of what can be done.'

http://www.dailymail.co.uk/news/arti...-IPO-ever.html

Paul Markham · 02-02-2012, 03:07 AM

A company that made $668million in profit last year is worth $100 billion. In Marks dreams. $5 billion is tops. This is te Internet and the next idea is waiting to top him.

As for targeting traffic to advertise, they're not doing a very good job with me. All ads are in Czech and nothing of the slightest interest. Eventually it comes down to hard cash. Not valuations.

TubeSubmitters · 02-02-2012, 03:09 AM

the dailymail postbot strikes again

georgeyw · 02-02-2012, 03:47 AM

Are you able to special order individual keys for your keyboard (CTRL, C, V) or do you just buy new ones every few weeks?

Chosen · 02-02-2012, 05:12 AM

Too many letters...

seeandsee · 02-02-2012, 05:24 AM

Zuckberger is going to be rich!

brassmonkey · 02-02-2012, 05:29 AM

money makes money

JFK · 02-02-2012, 06:04 AM

Quote:

Originally Posted by seeandsee

Zuckberger is going to be rich!

he I$ rich

alextokyo · 02-02-2012, 06:13 AM

Quote:

Originally Posted by DVTimes

Facebook announced today that it is to go public, eight years after its hacker CEO

Stopped reading right there and thought, "this is a fucking Daily Mail article, scroll down for link".

To be honest though, the thread title was also a big give away...

ING82 · 02-02-2012, 07:51 AM

When you break it all down and what it means, that lucky bastard is going to POCKET like 28 billion

vsex · 02-02-2012, 07:57 AM

Quote:

Originally Posted by Paul Markham

A company that made $668million in profit last year is worth $100 billion. In Marks dreams. $5 billion is tops. This is te Internet and the next idea is waiting to top him.

As for targeting traffic to advertise, they're not doing a very good job with me. All ads are in Czech and nothing of the slightest interest. Eventually it comes down to hard cash. Not valuations.

Spoken like the true ignoramus that you are.

bronco67 · 02-02-2012, 07:59 AM

How can a website be valued at so much? How is this even possible? It's just a fucking website for numbnuts to look at baby pictures and drunk christmas party pics. This is unreal.

L-Pink · 02-02-2012, 08:08 AM

Quote:

Originally Posted by bronco67

How can a website be valued at so much? How is this even possible? It's just a fucking website for numbnuts to look at baby pictures and drunk christmas party pics. This is unreal.

Exactly.

clicker · 02-02-2012, 11:20 AM

FB = One billion in profit.

MZ =

______________
FB + MZ =

stocktrader23 · 02-02-2012, 11:25 AM

Quote:

Originally Posted by Paul Markham

A company that made $668million in profit last year is worth $100 billion. In Marks dreams. $5 billion is tops. This is te Internet and the next idea is waiting to top him.

As for targeting traffic to advertise, they're not doing a very good job with me. All ads are in Czech and nothing of the slightest interest. Eventually it comes down to hard cash. Not valuations.

stocktrader23 · 02-02-2012, 11:27 AM

Quote:

Originally Posted by bronco67

How can a website be valued at so much? How is this even possible? It's just a fucking website for numbnuts to look at baby pictures and drunk christmas party pics. This is unreal.

You are on the internet. Zero excuse to be this ignorant of the situation.

Due · 02-02-2012, 11:35 AM

100 billion value and 3.7 billion in sales ? Id consider selling for 25 years worth of turnover

atom · 02-02-2012, 11:36 AM

Quote:

Originally Posted by stocktrader23

You are on the internet. Zero excuse to be this ignorant of the situation.

haha, no shit.

I was reading an article yesterday saying that if facebook was a Country and their users were citizens, it would be the 3rd largest in the world behind China and India.

Double trouble · 02-02-2012, 11:43 AM

Quote:

Originally Posted by seeandsee

Zuckberger is going to be rich!

02-02-2012, 02:55 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Facebook laid bare: Secret finances of Zuckerberg's empire revealed Facebook announced today that it is to go public, eight years after its hacker CEO Mark Zuckerberg launched the company in his Harvard dorm room. Any investor will now be able to buy in to Silicon Valley's hottest property, and the company is set to make its stock-market debut in three or four months as one of the world's most valuable companies. Facebook, which is now based in Menlo Park, California, hopes to list its stock under the ticker symbol 'FB' on the New York Stock Exchange or Nasdaq Stock Market. In its regulatory filing with the Securities and Exchange Commission, Facebook Inc. indicated it hopes to raise $5billion in its IPO - a new record for a technology company, surpassing Google's $1.9billion IPO in 2004. Although the company did not provide an estimate for its total worth, previous deals have valued the firm at around $100billion. This is a remarkable turnaround for a company which, as its founder explained in a letter attached to the filing, 'was not originally created to be a company', and still uses 'The Hacker Way' to guide its development. The filing laid bare a number of key facts about the previously secretive firm - and exposed Mr Zuckerberg's strict control over many aspects of the company's management. The site has 845million active users, and half of them typically visit the site on any given day. While it may seem that everyone in the English-speaking world has a Facebook account, in fact the site has only penetrated 60 per cent of the market in the U.S. and the UK, and is most popular in Chile, Turkey and Venezuela. The filing makes it clear that China, where Facebook is currently banned, is the next big target - but expresses doubt that it can craft a censorship policy which would be 'acceptable to us and to the Chinese government'. Even without access to the Chinese market, and with relatively few users in countries like Japan and South Korea, Facebook managed to make $668million in profit last year, out of total revenue of $3.7billion. Advertising accounted for 85 per cent of that revenue, but that was less than in previous years thanks to the spectacular success of games company Zynga, which contributed 12 per cent of Facebook's revenue through royalties which amount to 30 per cent of the money spent on Zynga's games via Facebook. And despite the runaway growth of Facebook since its origins in 2004, amazing power remains concentrated in the hands of one man: Mr Zuckerberg. Despite owning no more than a quarter of shares, he will control 57 per cent of votes even after the sale of shares to the public. The company's filing even singled out Mr Zuckerberg's control as a major risk which could jeopardise the company's performance in future - it pointed out that he was able to vote 'in his own interests, which may not always be in the interests of our stockholders generally'. But he will not prove much of a burden to the company financially - his salary, which was $500,000 in 2011, is set to drop to just $1 next year. He is unlikely to miss his salary, however, as Forbes magazine estimated Mr Zuckerberg's wealth at $17.5billion in its most recent survey of the richest people in the U.S. Other risk factors mentioned in the IPO document include the fast pace of the technology business, the possibility of negative publicity and faults in the company's privacy policy - a repeated source of complaints from users. The company is also, perhaps surprisingly, concerned too many users will adopt Facebook apps for smartphones and other mobile devices - because the apps do not carry advertising, and therefore do not bring in revenue for the site. In a letter included in the filing, Mr Zuckerberg painted a rosy, idealistic picture of Facebook. 'Facebook aspires to build the services that give people the power to share and help them once again transform many of our core institutions and industries,' he wrote. 'At Facebook, we?re inspired by technologies that have revolutionised how people spread and consume information. We often talk about inventions like the printing press and the television ? by simply making communication more efficient, they led to a complete transformation of many important parts of society. 'Today, our society has reached another tipping point. We live at a moment when the majority of people in the world have access to the internet or mobile phones ? the raw tools necessary to start sharing what they?re thinking, feeling and doing with whomever they want.' Mr Zuckerberg also pledged to stay true to Facebook's scrappy roots even on the road to becoming a multinational corporation. 'The word "hacker" has an unfairly negative connotation from being portrayed in the media as people who break into computers,' he wrote. 'In reality, hacking just means building something quickly or testing the boundaries of what can be done.' http://www.dailymail.co.uk/news/arti...-IPO-ever.html __________________ The Affiliate Program

02-02-2012, 03:07 AM	#2
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	A company that made $668million in profit last year is worth $100 billion. In Marks dreams. $5 billion is tops. This is te Internet and the next idea is waiting to top him. As for targeting traffic to advertise, they're not doing a very good job with me. All ads are in Czech and nothing of the slightest interest. Eventually it comes down to hard cash. Not valuations. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

02-02-2012, 03:09 AM	#3
TubeSubmitters Confirmed User Industry Role: Join Date: Aug 2006 Posts: 2,683	the dailymail postbot strikes again __________________ Buying sites with income, paying by paxum, hit me up

02-02-2012, 03:47 AM	#4
georgeyw 58008 53773 Industry Role: Join Date: Jul 2005 Location: Australia Posts: 9,864	Are you able to special order individual keys for your keyboard (CTRL, C, V) or do you just buy new ones every few weeks? __________________ TripleXPrint on Megan Fox "I would STILL suck her pussy until her face caved in. And then blow her up and do it again!"

02-02-2012, 05:24 AM	#6
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Zuckberger is going to be rich! __________________ BUY MY SIG - 50$/Year Contact here

02-02-2012, 05:12 AM	#5
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	Too many letters...

02-02-2012, 05:29 AM	#7
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,141	money makes money __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

02-02-2012, 07:51 AM	#10
ING82 Confirmed User Industry Role: Join Date: Jul 2011 Posts: 184	When you break it all down and what it means, that lucky bastard is going to POCKET like 28 billion

02-02-2012, 07:59 AM	#12
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	How can a website be valued at so much? How is this even possible? It's just a fucking website for numbnuts to look at baby pictures and drunk christmas party pics. This is unreal. __________________

02-02-2012, 11:20 AM	#14
clicker Confirmed User Industry Role: Join Date: Jun 2006 Location: Virtual Posts: 1,113	FB = One billion in profit. MZ = ______________ FB + MZ = Last edited by clicker; 02-02-2012 at 11:21 AM..

02-02-2012, 11:35 AM	#17
Due Confirmed User Industry Role: Join Date: Mar 2001 Location: Murrieta, CA Posts: 3,620	100 billion value and 3.7 billion in sales ? Id consider selling for 25 years worth of turnover __________________ I buy plugs Skype: Due_Global /Due