Gadgetory

it's Thursday februari second 2012 I'm Bridget Carey on sina com and it's time to get loaded Facebook has filed to become a public stock with a security Exchange Commission and it seeks to rake in five billion dollars the eight-year-old company is projected to be worth somewhere around 75 to 100 billion dollars but it's still too early to have a set price put on facebook stock nonetheless hundreds of Facebook's early employees could become millionaires here's a breakdown of the numbers facebook wants to raise five billion by going public but that number could go up by comparison when Google in public it raised 1.9 billion facebook reported revenue doubled last year to 3.7 billion with a profit of 1 billion dollars oh and twelve percent of that revenue came from zynga the gaming giant behind farmville facebook has 845 million users and each is worth four dollars and thirty-nine cents in revenue a year the activity on the site has doubled since the previous year and each day 483 million people log into Facebook and what about the money well payout numbers are only certain till stock is official but early employees investors will be coming away with millions Zuckerberg currently has an annual salary of half a million dollars but will drop it to one dollar a year in the beginning of next year that's because the stake in facebook stock could be worth as much as twenty eight point four billion dollars if Facebook is valued at one hundred billion dollars Zuckerberg has the most control over the company he owns the largest single state with 28.4 percent of the shares but he also controls 56.9 percent of the voting power in Facebook's finally it listed what risks the company could face Google+ could be a stronger competitor in the future but the filing also said mobile users pose a threat to the bottom line there are more than 425 million people that log into Facebook from a phone or tablet but facebook said it doesn't directly generate any meaningful revenue from those mobile users in other news website pinterest is now the fastest growing site for referral traffic according to a study by Shara holic if Google+ YouTube and LinkedIn's referral traffic we're all added up it still wouldn't match the traffic Pinterest drives currently users have to request an invitation to join the site Pinterest is an online pinboard where users make boards for certain topics like cooking or home decor and whenever a cool thing is found around the web like tips or photos that user will pin it for later reference and inspiration and those collections are then shared with friends also if you have an HTC phone better see there's a system updated download because a newly discovered bug shows some phones can have their Wi-Fi passwords and other info exposed some models include the evo sensation Thunderbolt and droid incredible but HTC is issuing a patch those your headlines for today I'm Bridget Carey wit cnet com and you just been loaded