• Published:
  Week 6
  February 2012
• Image Source:
  Facebook

News

In preparation for an initial public offering (IPO) of stock in 2Q12, Facebook filed a registration statement with the US Securities and Exchange Commission on 1 February 2012. The document provides insights into the growth of Facebook's number of users and its revenue. Monthly active users reached 845 million in December 2011, daily active users grew to 483 million in the same month, revenue for 2011 was $3.7 billion and the company generated net profit of $1 billion, 27 percent of revenue.

Facebook gave no specific plans for the IPO funds, saying that the main purpose is to create a public market for the shares and that the proceeds will be used for the general continued expansion of the business, including acquisitions where appropriate.

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