Facebook files for IPO, seeks to raise $5 billion
At 4:47 p.m. today, Facebook Inc. filed its S-1 registration statement as it seeks to go public and raise $5 billion.
Some key facts: from the filing:
* The Web 2.0 company has 845 million monthly active users. It had revenues last year of $3.7 billion, compared to $1.9 billion in 2010.
* It had a profit last year of $1 billion last year, compared to $606 million in 2010.
* Facebook has $3.9 billion in cash in the bank.
* Founder Mark Zuckerberg controls 36 percent of Class A shares. Baltimore's T. Rowe Price Group, a mutual funds investor, holds 5.2 percent of shares.
* Here's a monster number: 483 million daily active users (DAUs) on average in December 2011, an increase of 48% as compared to 327 million DAUs in December 2010.
* Zyngaville! Facebook says its relationship with Zynga accounted for 12 percent of its revenues. A healthy amount, but not surprising.
* The filing says Facebook plans to list its stock either on the Nasdaq or the New York Stock Exchange (You mean they haven't decided yet?)
* VERY interesting: Because Zuckerberg controls so many shares, the company is "not required to have a majority of our board of directors be independent, nor are we required to have a compensation committee or an independent nominating function."
* Total cost and expenses for running Facebook quadrupled to nearly $2 billion in 2011, from $515 million in 2009.
* Here's a chart of Facebook's history, from the filing:
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