August 10, 2012
How many times have you regretted pressing the “Enter” button and submitting a comment on Facebook because you discovered that there was a typo or grammatical error in that post?
How many times have you wondered if there was a way to edit or change a comment instead of deleting it and starting all over again?
Thanks to a new Facebook feature, there is now a way.
May 22, 2012
Investors who bought stocks of popular social networking site Facebook at its offer price of $38 are now down 10.5% after just two days of trading.
May 15, 2012
Facebook is expected to have its initial public offering (IPO) this week. In a matter of days, dozens of Facebook employees and executives will become instant billionaires and millionaires.
Take, for instance, Facebook founder and creator Mark Zuckerberg. Zuckerberg owns 28.1% of the company’s Class B shares, which entitles him to ten (10) voting rights per share as opposed to one (1) voting right for each Class A share. After the IPO, Zuckerberg’s ownership will be worth more than $28 billion. That would easily earn him a spot in the Top 10 list of the World’s Richest Persons.
April 24, 2012
Facebook, the world’s biggest social networking site, is expected to have its initial public offering (IPO) on May 17, 2012. The company is poised to raise at least $5 billion, which would put the firm’s value at around $100 billion.
Those interested to prepare their own valuation of Facebook would find useful the following summary of the company’s statement of operations (also known as Income Statement) from the years 2007 until 2011. The document is based on the company’s filings to the U.S. Securities and Exchange Commission.
$1 billion net income in 2011
From incurring a net loss of $138 million in 2007, Facebook has now come a long way to become a billion-dollar company by booking net profits of $1 billion at the end of 2011.