Facebook Moves Toward 2012 I.P.O.
January 6, 2011 by The Editor
Filed under Most Recent Posts
Facebook has pledged to either sell shares to the public by April 2012 or publicly file its financial data, according to an offering memorandum from Goldman Sachs sent to prospective investors in the social networking company. The company, based in Palo Alto, Calif., posted $355 million in profit on $1.2 billion in revenue during the first nine months of 2010.
The news of Facebook’s potential I.P.O. answers a question that received much attention since news emerged that the Securities and Exchange Commission had started an inquiry into the rapidly growing market into trading in the private shares of Facebook.
Since DealBook broke the news of the S.E.C.’s inquiry, there has been much speculation over whether Facebook is running afoul of a rule that requires companies with more than 499 shareholders to publicly report its financial results.
Apple’s new app shop is now available by updating OS X 10.6 to 10.6.6.
January 6, 2011 by The Editor
Filed under Mac, Most Recent Posts, Products
Apple today launched its new App Store to deliver apps to Mac desktop and laptop computers. According to Apple, the Mac App Store opened up with over 1,000 apps — of both the free and paid variety — ready for downloading.
Customers of the Apple’s iTunes, which supplies apps to iPhones, iPod Touches, and iPads, will find familiar app categories that range from games to productivity. Apps currently available include third-party apps as well as a few of Apple’s own creations. Customers will be able to purchase the ’11 versions of the iPhoto, iMovie, and Garageband apps for $14.99 apiece. There’s also apps for Apple programs Pages, Keynote and Numbers that are marked at $17.99. Aperture 3, Apple’s high-end photo-editing program, is going for $79.99.
The Mac App Store will reportedly keep in place the same developer compensation model used for the iOS app store: developers will keep 70 percent of revenues with Apple taking a 30 percent cut.
The Mac App Store is being made available as part of an update to the Snow Leopard 10.6 OS X. Users who don’t run the Snow Leopard OS X 10.6 on their computers won’t be able to update to 10.6.6, and will be shut out from the Mac App Store.
