Facebook’s initial public offering will make some already wealthy folks a lot deeper pocketed. But some have already cashed out, and now we know who, thanks the registration filed with theĀ Securities and Exchange Commission.
Facebook’s initial public offering will make some already wealthy folks a lot deeper pocketed. But some have already cashed out, and now we know who, thanks the registration filed with theĀ Securities and Exchange Commission.
Booyah, the company which recently raised a $20 million round from Accel Partners, has launched an in-app promotion within the MyTown application that lets users win Facebook Credits. While it is a short-term promotion, it’s one of the first we’ve seen where game users are rewarded with Facebook Credits rather than having to use those credits to purchase something. Even more significant is that this is one of the first off site Facebook Credits integrations we’ve seen.
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Recently we heard from sources close to Facebook that the company was in conversations with Foursquare about a potential acquisition and/or some form of partnership. Unfortunately the details have been slim but Kara Swisher is also hearing things as well. The most apparent thing about these conversations is that Facebook has yet to finalize their plans for location.
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With millions in the bank from a recent investment by DST and a cash-flow positive business, Facebook has no plans to go public in 2010. That’s the latest information from Facebook investor and board member, Jim Breyer, who was speaking at the DLD Conference in Munich Germany. Highlighted by Johannes Kleske of the conference, Breyer stated “We are not planning a near term IPO (near term as in 2010)”. Yuri Milner of DST followed on with, “We have permanent capital, we don’t have to return money to investors so we can go long term. So we’re not planning our exit”.
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