Numbers Behind the News: $100 Billion

 

Facebook has moved forward with an IPO that could be among the largest in the U.S. and at the least will dwarf Google’s 2004 IPO.  Facebook was launched only six months before Google’s August 2004 IPO.  The pessimistic outlook suggests that Facebook would hit a market value of $75 billion, which would make it the 35th largest company, but if it breaches the $100 billion barrier it could move ahead of Merck for the 25th spot.  Some analysts expected to see revenues around $4.3 billion and were disappointed in the  $3.71 billion sales figures released in the IPO.

Some other notable numbers from the IPO:

  • $1 billion profit (fails make the top 50)
  • 845 million users worldwide (would be the world’s 3rd largest if it were a nation)
  • 250 million photos are shared per day (a printed stack of these photos would more than 27 miles high)
  • $114 million spent on R&D (would be the 123rd largest research university in the U.S.)

 

About Jerry Paytas

Jerry directs all research and analytical inquiry. Jerry was Director of the Carnegie Mellon Center for Economic Development and has taught economic and community development at Carnegie Mellon’s Heinz College. At the Ben Franklin Technology Center of Western PA, Jerry managed a network of service providers that assisted more than 1,300 clients, leveraged more than $280 million in loans and grants, started nearly 70 new firms and created more than 1,000 new, high-quality jobs. At Fourth Economy, Jerry creates new techniques for assessing and leveraging market opportunities for both for profit and non-profit organizations. Dr. Paytas’ work has been published by the Brookings Institution, the Economic Development Administration and Urban Affairs Review. Jerry received a B.A. in Sciences and International Affairs from Johns Hopkins University, a M.A. in Urban and Regional Planning, and a Ph.D. in Public and International Affairs from the University of Pittsburgh. Jerry serves on the boards of Sustainable Pittsburgh, Landmarks Development Corporation, the Research Advisory Committee of the U.S. Green Building Council, and the University of Pittsburgh Human Stem Cell Research Oversight Committee.
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