Facebook: Who owns it?

Are you among those who will become instant millionaires with the initial public offering of Facebook? Is your name on this list? There are more than two billion global Internet users, and according to Facebook’s IPO S-1 filing, it aims to connect all of them.

Mark Zuckerberg, the 27-year-old founder and CEO, could be worth $28.4 billion in Facebook Inc. (FB)’s initial public offering, making him wealthier than Google Inc. (GOOG)’s co-founders and nearly on par with Larry Ellison who founded Oracle Corp. 35 years ago.

Speaking of money, how does Facebook derive its revenue? Major advertisers like game maker Zynga and movie provider Netflix. Eight-five percent of FB’s revenue in 2011 came from ads, with the remaining 15 percent from payments and other fees.

Here are the key milestones in the eight-year life of Facebook – from Harvard dorm room to billion-dollar Silicon Valley IPO.

Are you a Facebook “power user”? What do YOU get out of Facebook?

According to the Pew Research Internet Project report “Why Most Facebook Users Get More Than They Give,” Facebook’s 845 million users interact socially the way they do in the real world.

Women, who were more likely to comment on others’ status updates, averaged 11 monthly updates to their own Facebook status, men averaged six. Women outnumber male users 57 percent to 43 percent.

Men are more likely to send friend requests; women are more likely to receive them. And most Facebook users get more out of it than they put into it, an enticement to keep coming back.

Yet despite women being a larger percentage of Facebook users, there are no women represented on its seven-man board of directors. Why is that?

According to Tech Crunch, Hitwise says Facebook.com is now claiming one out of every eleven visits in the U.S., and one out of five page views online in the U.S., takes place on Facebook.com. Twenty percent of page views in the U.S. happen on Facebook. The average visit time is 20 minutes. More interesting stats here.

“There are more than two billion global Internet users,” Facebook’s S-1 filing states, “and we aim to connect all of them.” Facebook says it has some countries with above 80-percent penetration rates among users.

And finally, the Winklevoss twins who claim they invented Facebook and went to court over it, are delighted at the IPO news. They took their settlement in Facebook stock, which now could be worth some $225 million.

Cameron Winklevoss tweeted: “We r excited 4the #FacebookIPO + wish the company + all involved the very best, an amazing accomplishment!”

What’s the Internet doing to the labor force?

Around 20 percent of the U.S. workforce, or one in five workers, are currently detached from any one company. And that number is expected to increase. Here are two reasons why.

And more change is coming.

Smart phones and tablets are upsetting the PC order; social applications are impinging on traditional ‘workforce productivity’ and communications applications,” according to Alan S. Cohen, Vice President of Marketing at Nicira. But it’s much more than that. Technology and software is changing the way we interact with the Internet. And what we’re using today will be as ancient history as the first PC is now.

Bits & Bytes










“The Internet’s new boy genius”

He’s come up with a way to summarize online content. His app is called “Summly,” and you can get it here. A simpler way to browse and search the Internet. This simple little app has made this 16-year-old programmer poised for success. Watch the video in which he sums it up. Succinctly.

And it’s a good thing, because every second, one hour of video is uploaded to YouTube. That’s 24 hours every 24 second s… or a decade every single day. This video puts it all into perspective.

The Time Capsule

1940 – “Tom and Jerry” cartoon created

1950 – Sen. Joe McCarthy begins anti-communist hunt

1964 – Cassius Clay becomes a Muslim

1964 – Beatles arrive in New York – “Beatlemania”

1983 – “Butcher of Lyon,” Klaus Barbie, to stand trial for war crimes

1993 – Tennis star Arthur Ashe dies of AIDS

Now playing at the Princess Theater, Urbana, Ill.

Congratulations to WND readers Erin Meyer of Bridgewater, Conn., and Dan Page of Hampton, N.Y., who were among the first to correctly guess actress Doreen Lang in her portrayal of a hysterical mother in the diner in the 1963 Hitchcock thriller “The Birds.” The film was based on the novel by Daphne DuMaurier.

The selection was tied to last week’s Time Capsule item when in 1974, newspaper heiress Patty Hearst was kidnapped.

The quote was: “Why are they doing this? Why are they doing this? They said when you got here the whole thing started. Who are you? What are you? Where did you come from! I think you’re evil. EVIL!”

This week’s quote: “There’s no news, boys, so go out there and make some news. Rob a bank, mug an old lady, whatever – just do something.”

Name the movie, the actor and the character. Send your answer to me at the email address below. Please be sure to add your town and state. Good luck!

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