Facebook Files $5 Billion IPO

Image representing Facebook as depicted in Cru...

Image via CrunchBase

Facebook files to raise $5 billion in an initial public offering of stock.

In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million daily active users.

The majority of Facebook’s revenue comes from advertising, a combination of search and display ads.

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