The most highly anticipated initial public offering in today’s tech world is officially happening. Facebook filed S-1 documents with the Securities and Exchange Commission Wednesday afternoon to raise a maximum of $5 billion. According to the filing, Facebook made $3.7 billion in revenue in 2011. Read more »
China Telecom is getting very near to launching Apple’s iPhone 4S on its network, according to a new report. China Telecom subsidiary Beijing Telecom said it will likely offer a CDMA version of the iPhone 4S by the end of February or the beginning of March. Read more »
Apple’s iPhone was a hot seller in the company’s first fiscal quarter of 2012, but that’s nothing compared to what one analyst predicts we could see in just a couple of years’ time. Morgan Stanley thinks Apple’s efforts in China could pay big dividends by 2013. Read more »
In 1991, Walmart reported revenue of over $44B, an increase of 35% over the prior year. In 2011 Amazon.com will report revenue of $49B, an increase of 43% over the prior year. Amazon.com is the Walmart of our era (vendor dislikes and all.) Read more »
Netflix faced Wall Street analysts Monday to explain why its new subscription plans were a good idea. While many on Wall Street were surprised by the effect it will have on customer additions in the short-term, most agreed that the change won’t affect the long-term story. Read more »
Algae oil and fuel maker Solazyme priced shares for its IPO late last night at $18 per share — above its previously estimated price range — enabling the company to raise around $198 million when it debuts on the Nasdaq on Friday. Read more »
Solar thermal player BrightSource has raised another $26 million of its previously raised round, and reportedly has moved closer to an IPO by hiring Morgan Stanley and Goldman Sachs. Will the solar thermal leader hit the public markets in 2011? Read more »
Algae fuel startup Solazyme already had a long list of backers — from Chevron’s VC arm to Morgan Stanley — but this week, the company says it’s added two more high profile names: investor Richard Branson and food and personal product giant Unilever. Read more »
Startup Coda plans to start delivering its first all-electric sedan, which has a more reliable, longer range than the Nissan LEAF, to customers in December. The company is also in the process of raising another $125 million and has passed a crucial phase of its DOE loan. Read more »
Mary Meeker, the head of Morgan Stanley’s global technology research team and the woman once dubbed the “Queen of the Net,” says in her latest State of the Internet report that two trends will continue to dominate over the next decade: mobile and social networking. Read more »
