Facebook opens its books for historic IPO
week in review Filing gives first look at Facebook's financials, while Windows 8 details leak out. Also: Sony gets a new CEO.
Facebook filed papers for its initial public offering and in the process provided us with the secrets to its success--as well as what it sees as its greatest threats.
The company filed an S-1 form with the Securities and Exchange Commission, officiallyto raise $5 billion through the IPO. The last major tech IPO was Google's, which raised $1.9 billion.
Last year, it saw revenue double to $3.7 billion, while its profit grew 65 percent to $1 billion. Over the past two years, its revenue rose nearly fivefold, while its profit more than quadrupled.
In stating the risks facing the social network, Facebook warned that the company could be hurt by the loss of advertisers if user engagement and activity declines. Also, the company doesn't have display ads in its mobile app, and could be hurt if more users check into Facebook through their smartphones. Other risks included government actions in different countries, new products and services failing, and a slowing rate of growth over time.
Kazuo Hirai, who led Sony's PlayStation gaming business and more recently took over a growing electronics group, is now chief executive.
On tap for the next version of Microsoft's smartphone platform: support for different processors, screen sizes, microSD storage, NFC, business support, Windows 8 integration, and more.
How did the feds acquire all those MegaUpload conversations? There are hints that the FBI managed to place government-issued spyware on the defendants' computers.
During a Google+ hangout aired on YouTube, the president stops short of saying he opposes a pair of controversial Hollywood-backed copyright bills.
The phone may begin selling on China's third largest carrier as early as late February or early March, the company says in a press release cited by China Daily.
A watchdog group is calling on Apple to demand improvements from its suppliers ahead of releasing its next iPhone. The group says it's already brought in 35,000 signatures.
New service scans apps for malicious code or behavior and bounces them if they are suspect.
Just in time for Super Bowl Sunday, the federal agents announce they have seized and shuttered 307 Web sites that either live-streamed sports or sold fake NFL paraphernalia.
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