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You're not worth $US10 a year to Mark Zuckerberg actually, just a bit less. That's one of the many factoids revealed in The Social Network's new Form 10-Q [PDF] filed last Friday.
One item of interest is that the US Securities and Exchange Commission (SEC) has decided not to investigate Facebook's 2012 float.
The 10-Q states that "In May 2014, the Securities and Exchange Commission (SEC) notified us that it had terminated its inquiry and that no enforcement action had been recommended". The filing also notes that Facebook is "also party to various legal proceedings and claims that arise in the ordinary course of business," including some legal fun with patent trolls / non-practicing entities. Facebook is shrugging off those actions, stating "we believe that the amount or estimable range of reasonably possible loss will not, either individually or in the aggregate, have a material adverse effect on our business".
Another interesting factoid in the filing points out the USA remains the dominant source of cash for the company, with $US1.26bn of the $2.91bn brought in during the 30 days to June 30th coming from the land of the free. There's no other line item for nations as sources of revenue because "No individual country exceeded 10% of our total revenue for any period presented."
(Score: 2) by aristarchus on Tuesday July 29 2014, @03:44AM
Thank you, Anonymous Coward, for making sense of deliberate Wall St. obfuscation! So non-USain ordinary joes are being subsidized by normal US Joes? And they call this a business plan these days?
(Score: 2) by Paradise Pete on Tuesday July 29 2014, @04:30AM
It's a report, not a business plan. It has tables with labeled rows of numbers. They even sum them for you at the bottom. Not exactly obfuscated.
(Score: 0) by Anonymous Coward on Tuesday July 29 2014, @04:32PM
Yes, it is important to enable non-Americans to share and participate in social media, even if that means subsidizing foreign nationals. It's the brightest intel scheme we've ever devised, and our citizens seems willing to pay for it via advertising.
(Score: 2) by cafebabe on Tuesday July 29 2014, @09:32PM
Jay Miner [wikipedia.org]'s opinion from 1989 or 1990 [amigaforever.com] was that a program of basic computer proficiency was ideal to minimize the cost and maximize the effectiveness of a state spying on its citizens. This would have been considered a minority opinion at the time but I believe that it would more widely accepted nowadays.
Would we have all of these social media sites and analytic systems if people could not type their stream-of-consciousness thoughts into a little text box?
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