If you can dream it, you can do it. -Walt Disney
Quality is a great business plan. -John Lasseter
Let's make some funny pictures. -Tex Avery
I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend. -Howard Zinn
When critics sit in judgment it is hard to tell where justice leaves off and vengeance begins. -Chuck Jones
And what do you benefit if you gain the whole world but lose your own soul? -Jesus
A man should never neglect his family for business. -Walt Disney
What's most important in animation is the emotions and the ideas being portrayed. -Ralph Bakshi
Once you have heard a strange audience burst into laughter at a film you directed, you realize what the word joy is all about. -Chuck Jones
Before enlightenment: chop wood, carry water. After enlightenment: chop wood, carry water. -Buddhist Proverb
Share your views on the state of the Animation Industry.
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That's what it's been evaluated at by Goldman Sachs and other investment firms.
Report: Facebook deal values firm at $50 billion
New valuation may make Facebook's Zuckerberg worth up to $14 billion
As if being named Time's Person of the Year wasn't enough, Facebook founder Mark Zuckerberg may now be worth an estimated $14 billion. Not bad for a 26-year-old.
The boost in Zuckerberg's fortune reportedly has come after news his social networking company has raised $500 million from Goldman Sachs and a Russian investment firm in a deal that values the company at $50 billion.
The New York Times reported Sunday in its online edition that Goldman invested $450 million and Digital Sky Technologies invested $50 million, citing people involved in the transaction that it did not name. Goldman has the right to sell part of its stake, up to $75 million, to the Russian firm.
Read more here.
To put this in perspective, I saw in the paper today as the new governor of California Jerry Brown gets sworn in, he faces a budget deficit for the state in the amount of $28 billion.
The value of Facebook is almost double that.
Plus, when you read that the founder of Facebook is worth $14 billion as a result of his ownership in Facebook, he could personally cover half the deficit of California.
Facebook going public in 2012.
Facebook opens door for IPO in 2012
Social-networking giant must publicly file financial data or go public
A Facebook IPO in 2012 appears to be likely — unless the social-networking company begins publically disclosing financial data.
Goldman Sachs began hand-delivering copies of the 101-page private placement memorandum for a $1.5 billion Facebook offering to its wealthy customers a little after lunchtime Thursday in New York, according to a person who received a copy.
Facebook's intentions have been scrutinized by the Securities and Exchange Commission and investors since the company launched a private share offering through Goldman earlier this week.
According to Goldman's memorandum, Facebook earned $355 million in net income in the first nine months of 2010, according to documents distributed by Goldman Sachs, a fraction of the online social network's $50 billion valuation.
According to the document, Facebook generated $1.2 billion in revenue in the first nine months of 2010.
That valuation is high, but not outrageous based on the glimpse into the company's financial performance and the growth that it implies, said Ryan Jacob, of the Jacob Internet Fund.
"It just shows you that these business can generate 30 percent to 40 percent, potentially, operating margins," he said.
"They probably did at least $500 million in net income in 2010," Jacob said.
They say that Facebook has over 500 million users worldwide.
If there's a minimum of 6 billion people on the earth, then one in every 12 human beings is on Facebook.
And if Facebook did $500 million in net income last year as the report above states, that means they made $1 per user over the course of 2010.
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