10 Interesting things we learnt about Facebook through their IPO
Normally at this point on a Friday I’d be busily scouring the web for FAILs to talk about in my “Failure to Launch” column. However, because it’s been a bit of a quiet week on the FAIL front – and more importantly, Facebook has seen one of the biggest anti-FAILs (aka WIN!) in online history – I thought I’d share some of the fun things I learnt about Facebook through their IPO announcement this week. Feel free to share your own if I’ve missed any good ones – drop me a note in the comments!
- Facebook’s revenue in 2011 was a whopping $3.1 billion, with profits over over $1billion. Quite impressive – even more so when you consider it has jumped from just $153 million in revenue in 2008 – a year when they made a lost of almost the same amount.
- An impressive 12% of that revenue came from one company alone – game publisher Zynga, creators of Farmville and Mafia Wars. Money earned through the fees paid by Zynga to host their games on Facebook accounted for 12% of all Facebook revenue in 2011.
- Zuckerberg might be super-rich, but he has arguably one of the WORST signatures in history. Check it out for yourself here – Mark Zuckerberg’s Signature. It is, as the Guardian rightly pointed out, “crappy”.
- After the IPO, Zuckerberg is estimated to be worth over $28billion – quite a jump from the $500,000 he currently takes as an annual salary. Just like Steve Jobs before him, Zuck will take a slight pay-cut after the IPO, reducing his salary to just $1 a year.
- He might not be paid millions, but the perks of being the founder of Facebook certainly make things slightly more cushy for Zuckerberg – amongst the perks listed as part of the IPO were the use of a private jet, and a personal security detail at all times.
- As Reuters’ Anthony De Rosa pointed out on Twitter, the IPO documentation confirms suspicions that Facebook is currently or has been “restricted” in China, Iran, North Korea and Syria.
- Those of you who came out of ‘The Social Network’ feeling sorry for some of the other early co-founders/hangers-on, including Dustin Moskowitz, Eduardo Saverin or Sean Parker, will be relieved to know that each of them are predicted to come out of the IPO with over $2billion in share value…
- One of the most news-worthy winners from IPO was graffiti artist David Choe, who accepted stock options rather than a payment when he decorated the company’s Palo Alto offices back in 2005. Choe’s shares are now estimated to be worth £126million! You can watch a video of Choe painting the offices with Zuckerberg on his YouTube channel
- Other notable “winners” in the deal include U2 front-man Bono, whose venture capital firm “Elevation Partners” are said to have over £76million invested in Facebook.
- Data released with the IPO included a lot of data about where Facebook is most popular. According to the reports, Chile, Venezuela and Turkey all have an 80% penetration – in other words, 80% of all people in the country have Facebook accounts.
No wonder he looks so happy…!