Facebook's numbers

by maccman • 14 years ago

113 75 14 years ago

Should really specify that the revenue listed is for one quarter.

Also worth mentioning that James Breyer does not own 7.632% of Facebook. Accel Partners owns most of that stake, and Breyer has his own personal, smaller stake in Facebook.

greatreorx2• 14 years ago

Agreed, he should clarify 1Q 2012. And it looks like he has it wrong.... The filing says $872M not $972M (page 51 of pdf).

dcurtis3• 14 years ago

That graph on page 51 is comparing advertising revenue ($872M) to payments+other revenue (the smaller bar, $186M). Total was $1,058M.

Edit: updated the total.

dcurtis3• 14 years ago

Thanks.

I've updated the post to specify that revenue was for last quarter.

The S-1 describes James Breyer's shares as a combination of his and Accel's, with the following footnote:

(12) Consists of (i) 11,703,132 shares of Class B common stock held of record by James W. Breyer, Trustee of James W. Breyer 2005 Trust dated March 25, 2005 (Breyer 2005 Trust); (ii) 149,527,730 shares of Class B common stock held of record by Accel IX L.P. (Accel IX); (iii) 15,931,653 shares of Class B common stock held of record by Accel IX Strategic Partners L.P. (Accel SP); (iv) 13,939,214 shares of Class B common stock held of record Accel Investors 2005 L.L.C. (Accel 2005); (v) 9,949,820 shares of Class B common stock held of record by Accel Growth Fund L.P. (Accel Growth); (vi) 194,230 shares of Class B common stock held of record by Accel Growth Fund Strategic Partners L.P. (Accel Growth SP); and (vii) 132,570 shares of Class B common stock held of record by Accel Growth Fund Investors 2009 L.L.C. (Accel Growth 2009).

stevenj• 14 years ago

Slightly off-topic:

I had always thought Adam D'Angelo was a co-founder of Facebook, so I was surprised to not see his name listed in the ownership section.

But Wikipedia lists Dustin Moskovitz, Eduardo Saverin, and Chris Hughes as co-founders in addition to Mark.

kloncks• 14 years ago

I think Zuck met Adam during high school at Exeter, so they arguably knew one another for a much longer time than the other co-founders.

Maybe that's why you thought that.

18pfsmt• 14 years ago

I think it's helpful for our international HN cohorts to know that Phillips Exeter[1] is , pretty much, the most elite high school in the US.

[1]http://en.wikipedia.org/wiki/Phillips_Exeter

flyt2• 14 years ago

http://www.quora.com/What-was-Adam-DAngelos-career-timeline-...

Answered by Adam:

"I was in college as an undergrad at California Institute of Technology full time until I graduated in 2006. Facebook launched in spring 2004. In summer 2004 I lived with the Facebook founders in Palo Alto and helped out a little, though I was mainly working on Wirehog, which was a social filesharing network. In summer 2005 I was officially a full time employee at Facebook, and then I took off the next semester from college to keep working at Facebook through the end of 2005. Then I went back to college for the second half of the 2005-2006 academic year, graduated, and went back to Facebook full time after that."

sinzone• 14 years ago

Missing Accel Partners in the "Ownership after IPO" (probably it was merged into "James Brayer")

Devilboy• 14 years ago

I'm surprised that Parker has a bigger share than Thiel.

b0b0b0b• 14 years ago

iono; I'm happy to see Parker up there.

statictype2• 14 years ago

Just out of curiosity: It's considered good manners to disclose that you have a vested interest in something you're writing. Are you also socially obligated to disclose that you plan on investing in something in the future?

reason• 14 years ago

Yeah, almost felt like he was trying to brag under the guise of "transparency".

esrauch• 14 years ago

Trying to brag that he's thinking about buying something that anyone can buy?

joering22• 14 years ago

serious question: what it means to be "socially obligated" ?

MaxGabriel2• 14 years ago

Just that you're expected to do something by others, mostly by convention, like saying thank you.

(presuming this is an English question, not a philosophical one).

jessriedel• 14 years ago

"Social norm" is the technical term.

http://en.wikipedia.org/wiki/Norm_(social)

statictype2• 14 years ago

I guess my phrasing could have been better. 'polite' may be a better way to put it.

dcurtis3• 14 years ago

If I owned Facebook stock, I would disclose that. Since I can't own it yet, but probably will after the IPO, I figured it would be worth disclosing.

joelhaasnoot2• 14 years ago

This way though it could come off as a pitch for readers to go and buy Facebook stock/stock advice.

MaxGabriel2• 14 years ago

I didn't realize Zuckerberg received so much less in compensation. He owns a huge portion of the company, sure, but is compensated ~29m or so less than the COO. Is anyone familiar with why this is?

flyt2• 14 years ago

Mark isn't going anywhere. He would be building Facebook if the pay was $0/yr. This is a token amount that covers his living expenses and little else.

illicium• 14 years ago

Must be nice to have 29m of "just" living expenses.

sanxiyn• 14 years ago

User penetration: 0% China.

Tencent, Chinese Facebook, is already a public company. Take a look at their numbers here: http://www.tencent.com/en-us/ir/reports.shtml

dmvaldman• 14 years ago

they have almost a billion people without a single person in China?....wow

josefonseca3• 14 years ago

Is that stat serious or is it some political statement? Facebook really has zero users in China?

gbog2• 14 years ago

It is not "zero": most of my colleagues in a Chinese web company have Facebook accounts and some do use them regularly. But they have to use proxies and are a minority. I think it is not unlikely that the rounded figure is 0%.

goggles99• 14 years ago

China does resolve to counterfeit and steal any idea or technology we have... Even Facebook.

mayanksinghal• 14 years ago

Additionally User penetration is referring to percentage of Internet Users not Total Country Populations - I got confused and had to refer to original documents.

iterationx• 14 years ago

Where's Eduardo Saverin?

ssharp• 14 years ago

According to the S1 filing, this was the criteria for disclosing:

* each stockholder known by us to be the beneficial owner of more than 5% of our outstanding shares of Class A common stock or Class B common stock;

* each of our directors;

* each of our named executive officers;

* all of our directors and executive officers as a group; and

* all selling stockholders.

It's safe to say Eduardo doesn't fit into buckets 2-4, so as long as he doesn't own at least 5% or isn't selling stock as part of the IPO, he wouldn't need to be disclosed.

joering22• 14 years ago

ok, so:

#1 how is it possible that there is 0% users in China.. IF they truly believe NOONE in China has facebook account, then any other of those numbers could be made out of the blue as well.

#2 Why is it soo important to attach Zynga everywhere they disclose info? is it some sort of Zynga-FB agreement or what?

#3 David Fischer is missing comma after "VP"

#4 Peter Thiel, James Breyer, Reed Hastings, Erskine Bowles, Donald Graham -- what are they "Directors" of?

#5 Frequency of words appearing in S-1: second place: mobile. This is a HUGE indicator to anyone thinking about startup... things ARE and will continue to happen over the mobile device more and more. This sound trivia, but think about another indicator: your startup idea versus mobile.

anateus• 14 years ago

The actual Facebook report says on page 49: "[...] in China, where Facebook access is restricted, we have near 0% penetration."

So they definitely know people are using it there.

tomedme• 14 years ago

It would be limited to the Chinese who have access to a VPN and can speak English, and have a social group of foreigners.

There are also alternative Chinese social networks where their friends are, and without the added chore of finding a VPN service which they can pay without a non-Chinese PayPal account or credit card.

cncool• 14 years ago

1. <0.5% rounds down

josefonseca3• 14 years ago

When you look at a statistic like:

Penetration in Turkey: 85%

If market research is not the first thing that comes to your mind, then you should probably go see a shrink.

maratd• 14 years ago

So you made an appointment then?

josefonseca3• 14 years ago

Yup!

ChuckMcM• 14 years ago

Interesting that most on that list will end up paying California State income tax in one form or another. (I say 'interesting' because the legislature has already spent Zuck's estimated tax bill, but Andreesen, Breyer, others they too will have large bills to pay.

sathishmanohar• 14 years ago

Operation cost and profit?

VeejayRampay• 14 years ago

heh, love how the revenue out of America is WAY higher than that of Europe even though there are more active users in Europe.

bherms• 14 years ago

How are there 500 million users but only 125million friendships? Am I missing something?

imalolz• 14 years ago

125,000 Million -> 125,000,000,000

usaar3332• 14 years ago

Wow, 278 average friends per user? That's a lot higher than I would have thought..

simonw• 14 years ago

That's 500 million daily active users - they ave nearly a billion monthly actives, and the total number of user accounts wasn't mentioned in the article.

gbog2• 14 years ago

So now for the elephant in the room:

If, as some claimed regularly since a few years (including Fred Wilson, implicitly[1]), we are in a tech/financial bubble, what is the probability that the Facebook IPO will be the sting popping the bubble? If so, what are the likely results?

[1] "If you are playing a game of musical chairs", http://www.avc.com/a_vc/2012/04/what-if-web-and-mobile-apps-...

Zimahl• 14 years ago

Facebook could hardly be included as part of any current tech bubble. The early 2000s tech bubble included companies spending millions in investor cash on stupid ideas that would never pan out (online pet food, hundreds of dating websites) and having a grandiose IPO before earning even a dime of revenue. It wasn't over-valuation, it was shocking that some of these companies had value at all.

I personally feel Facebook is over-valued but they have revenue and profit. I think it's a bad early investment and will settle way down south of the debut, but they will be around a very long time. They aren't Pets.com.

DangerousPie• 14 years ago

Seeing Microsoft in that list reminded me how they bought a bit more than 1% of Facebook shares for $240 mio a few years ago. I guess that was a pretty good investment after-all...

http://www.msnbc.msn.com/id/21458486/ns/business-us_business...

padobson• 14 years ago

The most interesting numbers to me:

$30,957,952 Sheryl Sandberg, COO 0.089% Sheryl Sandberg

The second most important person at Facebook takes most of their compensation in cash - with her stock in the company being worth roughly 3 yrs salary.

She's older than Zuck, no reason to think she'll ever be CEO. I have to believe she has career aspirations beyond Facebook if she's willing to work there for less than defectors Moskovitz and Parker are making on the IPO, among others.

horatiumocian• 14 years ago

I think that Sheryl Sandberg has options worth close to $1B, but either they are not vested yet, or she didn't exercise them. Still not as much as Moskovitz or Parker, but probably more than she would get at any other company (except one where she is the founder).

bmelton2• 14 years ago

I found it interesting that Zuck makes so little, myself. Though he clearly isn't starving, I'm always bemused at people who have the option to get their 'fuck you' money and don't take it. I was dazzled by it at Groupon's Google acquisition turndown, and am dazzled by it with Zuck as well (though perhaps he's already exercised some fortune I don't know about?)

I suppose that perhaps there's an appearance of questionability when one gets cash out, but even if they don't "cash out" in any other sense, I'd think that at least that first bit of big money would be hard to turn away from.

13rules• 14 years ago

"I was dazzled by it at Groupon's Google acquisition turndown, and am dazzled by it with Zuck as well"

Clearly the move by Groupon was a mistake. Ok, you want to build a big company and have a vision, etc, etc... Great. Who cares? That kind of money doesn't come along very often — take it and move on to your NEXT great idea. You'll have another one. Millions in the bank and vacations on yachts and private islands do wonders for the imagination.

Of course, I thought Zuck was crazy for turning down $1 billion from Yahoo 5 years ago. He turned out to be right on that one.

simonbarker87• 14 years ago

I don't understand the hype around Facebook. They make $1,058M revenue in a quarter and have (if you multiply the monthly active users by 3) 2,703M active quarterly users. So they only make $0.39 per active user per quarter? Maybe I am missing the point but it doesn't seem like the revenue generation side of things is very efficient.

Facebook's numbers

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