Facebook filed its initial public offering for $5 billion. What makes the company worth so much money? In 2011, Facebook reported having over 845 million active users and raked in revenue of over $3.7 billion. 85% of Facebook’s earnings came from advertisements. In other news, Microsoft launched the Kinect for Windows platform, bringing the motion-sensing device to the PC. While the Kinect is great for playing games, Microsoft is positioning the PC version as a tool to help business. 300 companies worldwide are already making applications through Kinect’s early adoption program. And finally, Sony announced that Kazuo Hirai would take over for Howard Stringer as the company’s new chief executive. Hirai is a veteran of Sony and worked to turn around the company’s videogame business. Sony hopes that Hirai’s success with the PlayStation can translate to its other ailing departments.
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