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Tuesday, April 24, 2012

The last time we had some information from Facebook, the company reported they had over 800 million users, and it looks like that has jumped more than 100 million, as Facebook has revealed that they now have a total of 901 million active monthly users.
The company also revealed some more financial information, the details were provided in Facebook’s updated Form S-1, and their first quarter revenue is up to $1.06 billion this compares to $731 million for the same period in the previous year.

Their net income is down slightly to $205 million, as opposed to $233 million for the same period in the previous year, and we also got some more details on their recent $1 billion deal with Instagram.
Facebook will pay $300 million in cash for Instagram, the remaining $700 million will be paid in Facebook shares, also if the deal doesn’t go through for any reason, Facebook will pay Instagram a total of $200 million.

Source The Verge

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