FB IPO

[mabagal]

Sweet.

Numbers in the filing look great. Key delta on numbers which was already northward from the "leaked" balance & cashflow statements during the private Goldman Sachs issue is sharply growing gross margin and operating margin.

NASDAQ ticker name: FB

Lead IPO underwriters: Morgan Stanley, JP Morgan, Goldman Sachs
Date founded: 2004
Number of employees: 3,200
Number of monthly active users as of December 31, 2011: 845 million
Number of daily active users as of December 31, 2011: 483 million

Net profit in 2011: $1 billion
Revenue in 2011: $3.711 billion
Revenue in 2009: $777 million

$3.9 billion: Facebook's cash pile in 2011
$305 million: Facebook's cash pile in 2008

85: Percentage of revenue derived from advertising in 2011
95: Percentage of revenue derived from advertising in 2010
98: Percentage of revenue derived from advertising in 2009
12: Percentage of revenue derived from Zynga in 2011

$1.49 million: Mark Zuckerberg's compensation in 2011
$30.9 million: Sheryl Sandberg's compensation in 2011

Zuck posted this pic of his desk. Ship ship ship.

[Adam_CLO]

Seems like Sheryl Sandberg is the wizard behind the curtain.

[PapaAzucar]

NASDAQ ticker name: FB

Lead IPO underwriters: Morgan Stanley, JP Morgan, Goldman Sachs

Number of monthly active users as of December 31, 2011: 845 million
Number of daily active users as of December 31, 2011: 483 million

About the same number as RenRen users?

[mabagal]

NASDAQ ticker name: FB

Lead IPO underwriters: Morgan Stanley, JP Morgan, Goldman Sachs

Number of monthly active users as of December 31, 2011: 845 million
Number of daily active users as of December 31, 2011: 483 million

About the same number as RenRen users?

now do that same comparison using revenue/user.

[PapaAzucar]

NASDAQ ticker name: FB

Lead IPO underwriters: Morgan Stanley, JP Morgan, Goldman Sachs

Number of monthly active users as of December 31, 2011: 845 million
Number of daily active users as of December 31, 2011: 483 million

About the same number as RenRen users?

now do that same comparison using revenue/user.

Would you trust the Chinese government figures?

[Belgian Pie]

Not bad for a data collector ... data mining used to be more difficult and less profitable

[headhonchoII]

Saw that Timeline bs recently, couldn't believe it. They haven't learned anything. I think Facebook is going to have issues eventually. 100 billion USD? Nope. They are trying to get this IPO done quickly as their growth curve is maxing out now. What's with the hero worship of people who sell us things?

[mabagal]

Saw that Timeline bs recently, couldn't believe it. They haven't learned anything. I think Facebook is going to have issues eventually. 100 billion USD? Nope. They are trying to get this IPO done quickly as their growth curve is maxing out now. What's with the hero worship of people who sell us things?

Actually, this is a super low float. They are only floating 5B at 100B valuation (which is admittedly somewhat propped up by the low float), but more importantly, they are currently holding 4B in cash without the IPO. This is hardly a forced IPO. Note that Zuck's share alone is more than the entire float by 5x.

Zuck would have never agreed to do this IPO if FB weren't forced to do it because they hit the legal limit of 500 investors before having to disclose. The number of actual investors is actually orders of magnitude beyond that due to Second Market and the Goldman issues serving as conglomerators. The IPO also gets a nice return for the 2.4B (minus secondary market sales) of capital that's tied up in FB, which is going to generate a lot of money for the investors to put into more new ventures.

FB gives away a product that is more addictive than drugs and makes money on selling the eyeballs in a way that can be more targeted than ever before. The massive network effects makes it very hard for anyone to detach from. It's like having to sit on the porch while all your buddies are hanging out and being merry in the house.

The main thing that will actually give FB more headaches is actually having to disclose financials and deal with analysts.