As part of Facebook Initial filing go public this afternoon (PT) – the social network giant has revealed some interesting new numbers that indicates how big it actually is. Monthly Active Users (MAUs): As of December 31, 2011, it had 845 million Monthly Active Users, an increase of 39% from December 31, 2010. The company experienced growth across different geographies, with users in Brazil and India representing a key source of growth. It had 161 million MAUs in the United States as of December 31, 2011, an increase of 16% from the prior...
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The wait is finally over: The world’s largest social networking giant, Facebook has just filed for its Initial Public Offering [S-1 documents]. As expected and from earlier reports, Facebook is looking to raise $5 billion in its IPO bid. The company has just filed the preliminary prospectus – S1 documents with the Securities and Exchange Commission Wednesday afternoon to raise $5 billion. Cited earlier, Facebook plans to trade under the ticker symbol “FB.” According to the filing, Morgan Stanley, JP Morgan and Goldman Sachs are...
As the company is facing its fourth year of losses, Japanese electronics giant Sony has announced that it has named former president of its Consumer Products and Services Group Kazuo Hirai as president and CEO, replacing Howard Stringer. The change will be effective from April 1, Sony told Bloomberg in e-mailed statement today. Stringer will become chairman of the...
LG Electronics Inc. (LG) today announced its fourth quarter 2011 earnings report. The company consolidated revenues of KRW 13.81 trillion (USD 12.05 billion) with an operating profit of KRW 23 billion (USD 20 million). Quarter-on-quarter revenue growth reflected strong performance in home entertainment and home appliances with improved operating profit in the mobile and TV businesses. Q4 2011 Results and Highlights: LG Home Entertainment Company shipped a record high 8.8 million flat panel TVs from October to December, increasing revenues...
According to Reuters, the social networking giant, Facebook is expected to file its initial paperwork for its Initial Public Offering on Wednesday, seeking to raise $5 billion in its IPO bid. The company has selected Morgan Stanley and four other as bookrunners – Goldman Sachs, Bank of America Merrill Lynch, Barclays Capital and JP Morgan to handle its giant-IPO. Cited earlier as an unnamed source, Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role – according to the journal. The upcoming...
IBM just announced the acquisition of Worklight – the company that accelerates IBM’s comprehensive mobile portfolio, which is designed to help global organizations leverage the proliferation of all mobile devices – from laptops to smartphones and tablets. IBM says that Worklight will become an “important piece of IBM’s mobility strategy,” offering...
Marketing analysis firm eMarketer reported the rise in search ad spending with Google as the major player in the market. The firm estimates search spending will rise 27% to $19.51 billion. By 2016, search ad spending will approach $30 billion, following slower but consistent growth between now and then. Google’s revenues, among the top four search sites, grow most...
Apple today announced that John Browett will join the company as senior vice president of Retail, directly reporting to Apple CEO Tim Cook. Prior to joining Dixons Retail, Browett held a series of executive positions at Tesco plc including CEO of Tesco.com. Earlier in his career he advised retail and consumer goods clients at Boston Consulting Group. “Our retail...
With the Research in Motion (RIM) drastic change on early last week announced Thorsten Heins as company’s new President and Chief Executive Officer. Mike Lazaridis, who worked with the company as co-chief executive officer left the position at the time. “It was very hard,” Lazaridis said in an interview with The Record this week. The company announced that...
Facebook – the world’s largest social networking site is not only big with its users’ numbers but it is also big with its year-on-year revenue it is making since from the start. According to CNBC correspondent Julie Boorstein claimed that the company’s 2011 revenue was $3.8 billion with an operating profit of around $1.5 billion. She posted the number of twitter. The social network giant who is gearing up for the whooping $100 billion IPO – largest by any tech company, and with such numbers – which of course still not confirmed...
