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Yesterday, I wrote a piece for the Guardian in which I predicted "there's likely to be only one surprising thing about Facebook's IPO. And that's just how dull a $100bn flotation can be."
As they come in (the technosphere looks like this right now), we will be posting short snippets of important news about the Facebook IPO here on this post. So far, here's what we've got. Raising $5 billion. Mark owns over 25% of the company, making him worth roughly $25 billion on paper. There are 854 million users, with half logging on every day. Zynga accounts for 12.5 percent of Facebook's revenue. Facebook will likely see revenue decline, as they reach higher market penetration. COO Sheryl Sandberg made $32 million last year (and the shareholder breakdown). The letter from Mark Zuckerberg, on the IPO. Facebook does not plan on entering China. Facebook revenue over time and income over time. It will be a "controlled company". Although MG tried to stay away, he couldn't: 1, 2, 3 Mobile monthly active users grew 21% over the last four months Facebook spent 68 million on acquisitions last year [Source: All of this information is from the SEC filing, and more sourcing can be found at Techmeme]
One of the biggest problems people have regarding birthdays and the holidays is choosing the right present for a person. Do I do a gag gift? Will they think it's funny? Do I give a serious gift? A single expensive gift? Two smaller, less expensive gifts? A gift basket? The list goes on and on, and we haven't even gotten to the less meaningful and semi-lame fallback option: The Cash Giftcard.
Ok, this is partially self-promotional, but also just really cool. Wavii just put up a post with a really cool visualization of how their beta traffic developed at their launch last week. It's like startup data porn on steroids.
We had a great time at the Crunchies last night. It's always a special night, when the tech blogs to put away their daily fights and come together to celebrate the reason we all have jobs: Because entrepreneurs in the Valley build great companies.
Sarah and I are on our way to the Crunchies, hosted by our old friends at TechCrunch, Venturebeat and GigaOm.
One of the problems I experience about once every year is I end up with dozens of items I need to get rid of, and I have nowhere to put them (I move around, a lot). To solve this problem, I often am forced to turn to Craigslist, a neighbor's large dumpster or a pickup service. This is less than ideal, but most of the time, there's nothing to be done about it.
One of the reasons that the Valley continues to produce great companies, cycle-after-cycle is that when you put smart, entrepreneurial people in the same place, great things happen.
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