More on Facebook IPO

Taken from:

http://www.computerworld.com/s/article/9223929/Facebook_IPO_filing_reveals_some_eye_poppers?source=CTWNLE_nlt_pm_2012-02-02

There have been many comments about Facebook going 'public' - and the IPO (initial public offering).  There were some interesting factors in this article:

• Facebook spent about $700,000 on a personal plane for Mark Zuckerberg (CEO) and Sheryl Sandberg (COO) - mostly for security reasons (would you recognize Zuckerberg if he was on a flight you were taking?  Would you want to talk to him if he was in the seat next to you on a plane?)
• Zuckerberg also has a home security system (probably more than my little one) and security personnel 
• The company is growing (about 50% growth last year)
• Facebook is available in 70 languages (I'll have to try the Russian and German versions!!!)
• It spent about 10.5% of revenue on research and development (compared to about 14% for Google)
• Most popular (over 80% of people) in Turkey, Chile, and Venezuela - and least in China (prohibited)

The revenue comes from ads, from a percentage of purchases made on Facebook.

Not bad for a relatively new idea!!!