12.05.16: Finally, an elected representative placing blame where it should go for Eurozone problems.
Why is it we continue to support a system that provides our elected representatives the ability to OVERSPEND and then borrow to pay for it ... and then retire with outrageous and unjustified pensions?
Godfrey Bloom (England political representative for Yorkshire and North Lincs):
Facebook is poised to sell shares in itself, the first social network to do so.
Facebook said it would seek to raise $5bn in the stock market flotation, valuing the company at between $75bn and $100bn.
The company's has now revealed many of the facts behind all the pokes, likes and friends for the first time.
What have we learned from the paperwork Facebook has filed with the US authorities?
THE BIG PICTURE
- Facebook is an advertising company. Of its total revenues of $3.7bn in 2011, 85% came from advertising. And that is down from 98% and 95% in the previous two years.
- The company makes $1bn in pure profit.
- Facebook has a total of 845 million monthly users and 483 million daily users.
- Of its monthly users, half have used Facebook on their mobile. (But there are no ads on its mobile site, so it makes no money from them.)
- The majority of its money comes from the US, but the majority of the users are outside the country.
- And the majority of its non-US revenues comes from western Europe, Canada, and Australia.
- The company generates 2.7 billion "likes" and 250 million uploaded photos everyday.
- Zynga, the games maker behind FarmVille, single-handedly accounts for 12% of its revenues.
- The company has 3,200 employees.
- Lady Gaga may have the most popular page on Facebook - with 47 million "likes".
- Facebook's ticker on the stock exchange will be "FB".
MONEY MEN AND WOMEN
- Mark Zuckerberg, co-founder and chief executive, has 28% of the company - 533.8 million shares - which are worth $28bn based on an overall valuation of $100bn. He is 27 years old.
- But Mr Zuckerberg is the controlling shareholder because of proxy voting rights. All in, he controls 57% of the shares.
- Mr Zuckerberg's base salary last year was $483,333 and, with bonus, he was paid $1.49m.
- From 1 January 2013, Mr Zuckerberg's annual salary will go down to $1.