Facebook is king of the social networks, but when it comes to its business model, it looks a lot like a traditional media company. 15 percent of its revenue comes from games like Zynga, but the rest is advertising, purchased in large part by the same blue chip brands who shop at Conde Nast or the New York Times.
"Why won't you return my call?"
Buried in Facebook’s 21,890 word registration statement with the U.S. Securities and Exchange Commission are a ton of new facts and figures about the social media company. Since there’s a larger-than-usual amount of buzz surrounding Facebook upcoming initial public offering, one of the best ways to cut through the noise is to look at the numbers.
Guest Post Facebook faces some real challenges when it comes to keeping up its growth pace, as I covered yesterday. But I’m still bullish on the company, and here’s why.
As VentureBeat’s Jolie O’Dell pointed out yesterday, Facebook CEO Mark Zuckerberg managed to strike a deal with some key investors and friends that gives him 57 percent of the shareholder voting power. For a public company, it’s an almost unheard of concentration of authority, a troubling sign for those who focus on shareholder rights.
Facebook’s core values include a powerful, results-oriented, anti-theoretical philosophy called “The Hacker Way,” according to founder Mark Zuckerberg.
“The Hacker Way is an approach to building that involves continuous improvement and iteration,” Zuckerberg writes. “Hackers believe that something can always be better, and that nothing is ever complete. They just have to go fix it — often in the face of people who say it’s impossible or are content with the status quo.”
Facebook has filed its S-1 form with the SEC, announcing its intention to go public.
Facebook has been on a rocket ride to social network dominance. Now we know that it’s making some money from that ride.
Facebook CEO Mark Zuckerberg owns 28.2 percent of the company, according to Facebook’s just-released IPO S-1 filing with the Securities and Exchange Commission.
Facebook’s initial public offering is one of the most hyped technology events of the year, and the company is expected to debut on the stock market in May. Its stock ticker symbol will be “FB.” The company has not yet named a starting price has yet been named, but Facebook said in the filing that it expects to raise at least $5 billion in the IPO.
Shutterstock/De MangoOur creepy, socially-networked future.
It will always be with you
When Mark Zuckerberg speaks, people listen. Wednesday, the celebrity Facebook founder is wielding this power and influence to fight the Stop Online Piracy Act and the Protect IP Act using the best tool at his disposal: the social network he created.
BANG! POW! SIMPLIFYING THE USER EXPERIENCE! Steve Jobs is being immortalized yet again, this time in comic book form.
Facebook‘s corporate structure is getting a facelift with five new product groups that will report directly to founder Mark Zuckerberg.
The Federal Trade Commission and Facebook’s relationship status won’t read “it’s complicated” anymore, since the two companies settled a longstanding privacy suit today.
With 2011 winding to a close, talk of Facebook’s long-rumored 2012 initial public offering is crescendoing to cacophonous levels. A new report purporting that Facebook is targeting an IPO date between April and June of the upcoming year is adding to the orchestra.
Ilya Zhitomirskiy, the 22-year-old co-founder of the Diaspora social network — which gained recognition for challenging Facebook — died this weekend, the company confirmed Monday.
Guest Post Editor’s note: CNN’s upcoming documentary, Black in America 4, has sparked a heated discussion about race in the tech industry. VentureBeat has asked several black entrepreneurs to contribute their opinions prior to the airing of the show on Sunday November 13. Read the rest of VentureBeat’s stories on diversity in tech.
Facebook CEO and co-founder Mark Zuckerberg claimed that Apple never tried to buy Facebook, and disclosed candid details about his conversations with Steve Jobs, in an exclusive interview with broadcast journalist Charlie Rose.