| Title | Joe Average Isn't Worth $10 a Year to Mark Zuckerberg | |
| Date | Monday July 28 2014, @11:28PM | |
| Author | Woods | |
| Topic | ||
| from the cash-out-while-you-are-ahead dept. | ||
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."
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printed from SoylentNews, Joe Average Isn't Worth $10 a Year to Mark Zuckerberg on 2024-04-20 00:55:48