Facebook has finally updated its status. Financially, that is.
The social-networking giant's initial public offering document reveals a wealth of detail about its business operations previously known only to the likes of co-founder Mark Zuckerberg, COO Sheryl Sandberg and the company's legion of private investors. So let's dive in and see what they tell us about how the secretive giant does what it does.
That billion-dollar profit One thing is immediately clear: Facebook makes a ton of money. And it's making it fast.
In 2011, the company reported net income of a clean billion dollars on … Read more