The filing stated that Facebook users upload 250 million photos a day, signal that they “like” items posted by friends about 2.7 billion times a day, and have created a web of 100 billion friends and connections on its site.
Last year, the company had $3.7 billion in revenue and $1 billion in profits — astounding figures for an 8-year-old enterprise, though slightly less than what some analysts had expected. Google, perhaps Facebook’s primary rival, brought in just shy of $38 billion in revenue last year. It launched its own a social network, Google+, in June.
Another key question answered by the documents is just how much the firm’s top executives rake in each year. Hayley Tsukayama writes:
The base salaries for all of Facebook’s top executives were divulged in the company’s Wednesday S-1 filing. Here’s how it broke down:
Mark Zuckerberg, CEO: Zuckerberg made a salary of $483,333 in 2011, in addition to a $220,500 bonus for the first half of 2011. He also received “other” compensation — which covers such things as chartered travel costs and security details — that totaled $783,529. Overall, Zuckerberg received $1,487,362 for 2011, excluding his substantial stake in the company.
Effective Jan. 1, 2013, Zuckerberg will reduce his base annual salary to $1.
Sheryl Sandberg, COO: As important as Mark Zuckerberg is to Facebook, the S-1 filing also reveals that the company is very concerned about keeping its chief operations office, Sheryl Sandberg.
Losing Sandberg, who has often been identified as the “grown-up” public face of the company, would be a big blow to the social network.
The document also reveals that if Sandberg is “terminated without cause” for a reason other than death or disability, she will be able to vest her stock immediately. Losing Sandberg (or Zuckerberg) is also listed as a risk for the company.
“The loss of key personnel, including members of management as well as key engineering, product development, marketing, and sales personnel, could disrupt our operations and have an adverse effect on our business,” the filing said.
Sandberg had a salary and bonus of $381,966 in 2011, but was also granted about $30 million in stock awards.
David Ebersman, CFO: David Ebersman, one of the most important Facebook executives that you’ve never heard of, also made $381,966 in salary and bonuses. With stock, his total compensation comes to $18.6 million.