Google tests "augemented reality" glasses
Google has released details of a new initiative called "Project Glass," which are an attempt to build "wearable computing," the New York Times' Nick Bilton reports. Read more at Counterparties
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Factbox: The world's largest social network
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO. Here are some key facts about the company:
Founded: 2004
Original name: thefacebook.com
Headquarters: Menlo Park
Employees: 3,200 as of December 31, 2011
Revenue: $3.71 billion in 2011
Founder and CEO: Mark Zuckerberg
Earliest investors: PayPal co-founder Peter Thiel invested $500,000 in 2004, followed by Accel Partners, which invested $12.7 million in 2005
Biggest stakeholder: Mark Zuckerberg, who holds a 56.9 pre-IPO voting stake Other top stakeholders: Greylock Partners, Meritech Capital Partners, DigitalSky Technologies; entrepreneurs Reid Hoffman, Mark Pincus, Sean Parker
Number of users: 845 million active monthly users worldwide, including 161 million active monthly users in the United States
Average time spent on Facebook: Worldwide users spend about 6 hours a month; 7 hours in United States
(Reporting by Sarah McBride; Editing by Gary Hill)
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I suppose this also means that the idea that long tern shareholders could expect even a small return when the company goes bankrupt is very out of date? 850 million free users served by 3200 employees. It makes every other employer that is actually producing a good or service look grossly inefficient. But it suggests that if countries had nothing but Facebook type “industries”, they would be bankrupt with enormously high unemployment, unless governments taxed their profits so highly they could support all the out of work.
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