Facebook Goes Public: Surprising Facts Learned From IPO Paperwork - privetthaveracter

We always knew Facebook was big, but until the cultural network filed papers to become a publicly traded company, we didn't have sex exactly how big. Facebook is precise close to striking the one-billion-users mark, and equally predicted, that will probably happen in 2022. The company too turned a tidy profit to the tune of $1 billion in 2022. Sir Thomas More than uncomplete of Facebook's monthly active users visit the social network from mobile devices, and about 80 percentage of Facebook's fans are alfresco the U.S. and Canada.

Facebook employees thanked users.

The company hopes to bring up about $5 billion during its first state-supported offering, which has however to follow regular. Facebook founder Mark out Zuckerberg will serve as the company's chairman and chief executive and will be the company's largest and controlling stockholder.

Here's a look at a few Sir Thomas More tidbits included in the company's recent S-1 filing with the Securities and Exchange Commission:

Lots and oodles of users

Facebook said it had 845 million active users as of Dec. 31, with slightly more half of those people, 425 million, using transportable devices such as smartphones and tablets to visit Facebook. An average day on Facebook sees near 483 billion people logging into the world's largest social web, an increase of 48 percent over the previous year.

It's all about likes, comments and photos

Facebook Goes Public: Surprising Facts Learned from IPO Paperwork

Thanks to the presence of the Facebook "same" button on almost all internet site known to humanity, the social network adds another 2.7 billion likes and comments all single day. Users also upload 250 meg photos to Facebook every 24 hours, and the social network has helped its users make up 100 billion online friendships.

That's much of corn

Facebook has been busy qualification money in recent years, likewise as growing swift. In 2009, the company said IT brought in $777 million in tax income. That figure grew to $1.974 billion in 2022, and then almost doubled in 2022 when the troupe had $3.71 zillion in receipts and $1 cardinal in profit.

The S-1 filing also shows that digital cows, crops, and mafia bump off jobs are a big source of revenue for the company; social game maker Zynga was responsible for about 12 percent of Facebook's revenue in 2022.

Zuckerberg went to China but Facebook didn't

Facebook ISN't trusted IT can move into China and is taken up about whatsoever restrictions the Chinese governance power dupe the company. This is a deterrent example Facebook likely learned from Google's problems with Chinese authorities in early 2022 that resulted in the seek giant closing down its ".cn" Chinese-language look engine. "We continue to value entering China. However, this market has substantial legal and regulatory complexities that have prevented our entry into China to date," Facebook aforementioned in its Dry filing.

Later in the document the company added, "We do not know if we will comprise able to find an come near to managing content and information that will be acceptable to us and to the Chinese government."

Zuckerberg is king

Not exclusively testament Zuckerberg serve as chair and CEO, helium will also be granted the power to name his replacement if he lul controls the company when helium dies. "In the event that Mr. Zuckerberg controls our company at the time of his destruction," Facebook's S-1 filing says. "Control Crataegus oxycantha beryllium transferred to a soul or entity that he designates as his successor." This clause has struck some analysts as oddish, accordant to several reports including The NY Post and Bloomberg Businessweek, only the clause also makes it clear that Zuckerberg is Facebook's ruling office.

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