Episode 380 • •
380: Trusted Bedouin Sources
Facebook IPO Filing, Infrastructure Costs, and Site Glitches
Facebook experienced significant technical issues after pushing code on a Friday, breaking the JavaScript API for "Like" buttons and third-party logins across millions of websites. Analysis of the Facebook S-1 filing suggests reported revenue figures are misleading, with a significant portion derived from stock sales and a 30% cut from Zynga. The company also utilizes off-book transactions for infrastructure leasing and revolving lines of credit to manage costs.