Earlier this week, Facebook reported their Q1 2013 financial results. Facebook COO Sheryl Sandberg reported in the results that 40% of the top grossing iOS and Android apps use Facebook ads on their platform to increase their downloads. These app companies are using Facebook’s Mobile App Install Ads for promotion.
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Sheryl Sandberg, the COO of Facebook, went on The Daily Show with Jon Stewart totalk about her new book “Lean In.” In her interview with Stewart, she talked about why she decided to write the book.
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Facebook COO Sheryl Sandberg released a new book called “Lean In: Women, Work, and the Will To Lead.” The book is already a number 1 Amazon Best Seller. Considering that this is the book’s first day of sales, that is a huge deal. The book is about women in the workplace and it talks focuses heavily on feminism. Proceeds of the book will go towards the Lean In organization.
Facebook chief operating officer Sheryl Sandberg has sold $4.9 million in shares according to a Securities and Exchange Commission filing from Friday. The sales of the stock was made through a 10b5-1 trading plan according to BI. This provides a safe harbor for company executives with insider knowledge to make regular sales according to BusinessInsider. Sandberg has been using the plan to steadily divest small amounts of her Facebook shares since her lockup has expired. Sandberg owns shares that are worth about $485 million according to the filing. The $5 million is about 1% of her holdings in the company excluding unvested stock awards.
Facebook reported their Q4 revenues and they hit $1.585 billion in revenue, which is a 40% increase year-over-year. The company’s net income was $64 million. The company now hit 1.06 billion users as of December 31, 2012. Mobile advertising accounted for 23% of the “book’s” total ad revenue, which is an increase from 14% in Q3.
Marc Andreessen, the co-founder of the VC firm Andreessen Horowitz, is also a major shareholder and board member at Facebook. He has disclosed in an SEC filing that he has sold over 2.3 million shares of Facebook at prices that range from $22.85 to $23.83 per share. This adds up to around $54.1 million.
Facebook COO Sheryl Sandberg and Yahoo! CEO Marissa Mayer are discussing a partnership according to The Telegraph. The Telegraph is basing this information with anonymous sources and “Yahoo! insiders.” Details about the partnership are scarce. The partnership would be more substantial than just a web-based search. Facebook and Yahoo! have come a long way in their collaboration efforts ever since they were suing each other over patents.
Facebook chief operating officer Sheryl Sandberg and two other executives at the company has sold millions of dollars worth of stock this week after restrictions on insider trading had expired. Ms. Sandberg netted around $7.44 million by selling around 353,000 Facebook shares on Wednesday according to a filing with the SEC on Friday. Ms. Sandberg stills owns around 18.1 million vested shares of Facebook stock.
