Facebook finally filed to raise $5 billion in an initial public offering with the U.S. Securities and Exchange Commission late Wednesday afternoon. The social network, which began as a "decidedly private Harvard hangout, has begun the process of going absolutely, totally, unabashedly public," says John C. Abell at Reuters. The SEC-1 filing contains some startling revelations about the company, from its commitment to a "hacker manifesto" (the belief "that something can always be better and that nothing is ever complete") to the gargantuan paydays for a number of investors. Here's a look at Facebook's filing, by the numbers:
$5 billion
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Why Rikers Island will no longer be under New York City's controlThe Explainer A 'remediation manager' has been appointed to run the infamous jail
-
California may pull health care from eligible undocumented migrantsIN THE SPOTLIGHT After pushing for universal health care for all Californians regardless of immigration status, Gov. Gavin Newsom's latest budget proposal backs away from a key campaign promise
-
Is Apple breaking up with Google?Today's Big Question Google is the default search engine in the Safari browser. The emergence of artificial intelligence could change that.
