Sheryl Sandberg, Facebook’s COO, discusses what CEO Mark Zuckerberg told her during her review. Despite being much younger, Zuckerberg delivered what she considers wise advice.
Social media company Facebook Inc reported on Thursday it reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices.
The No. 1 social network has faced a rough road since its May initial public offering. Investors and analysts have fretted over a sharp slowdown in revenue growth and questioned how Facebook will make money from users as people access its site on mobile devices.
READ ON: Facebook reaches one billion active monthly users
That’s just like not something we’re really interested in. I mean, yeah, we can make a bunch of money—that’s not the goal.
Graphic: Who has the most stake in Facebook.
Analysis: A sobering look at Facebook
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
The Harvard dropout, who launched the social networking phenomenon from his dorm room, will control 56.9 percent of the voting shares in a company expected to be valued at up to $100 billion when it goes public. Facebook says it has 845 million active monthly users.
Read more: Facebook’s Mark Zuckerberg to keep iron grip after IPO
The most interesting data points in Facebook’s IPO
From the blog:
- Zynga accounted for approximately 12% of Facebook revenue
- Mark Zuckerberg’s compensation in 2011 was $1.49 million
- Full time employees increased from 2,127 as of December 31, 2010 to 3,200 as of December 31, 2011
