Comparing Pre-IPO Facebook To Pre-IPO Google: Fair, Or A Case Of Apples And Oranges?

Facebook, in its updated S-1 released on April 23, dazzled us with more milestone user numbers: 901 million monthly active users, and 500 million on mobile. But it also reported a decline in revenues $1.058 billion compared to $1.131 billion in the quarter before -- due to seasonality, Facebook explains. And perhaps more importantly, annual revenue growth is slowing, and in Q1 2011-Q1 2012 was 44.7 percent, nearly half of the 88 percent the year before. Some new data from Privco teases out those revenue growth numbers even further by comparing Facebook's financials to those of pre-IPO Google, in an attempt to show that it is not seasonality but a more particular issue with Facebook. The picture is not pretty.

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House passes cyber bill despite veto threat (reuters)

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Apple?s Next WWDC Dates Announced: June 11-15 [Update: It's Sold Out, Folks]

The day after another monster set of earnings from Apple, the company is continuing the momentum. Today, Apple has announced the dates for its next Worldwide Developers Conference: June 11-15, held in its now-traditional venue, the Moscone West in San Francisco. Expect the usual wave of speculation leading up to June, especially since Apple is already preparing us for news at the event: ?We have a great WWDC planned this year and can?t wait to share the latest news about iOS and OS X Mountain Lion with developers,? Philip Schiller, Apple?s senior vice president of Worldwide Marketing said in a statement.

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Republic Wireless now issuing invites for summer beta program: is your name on the list?

Republic Wireless is now issuing the cellphone equivalent of Willy Wonka's golden tickets: an invite to its forthcoming beta. When you've been assigned a wave, you'll then be placed on a wait list, only told a week before you have to place cash on the barrel for a handset. Our tipsters have told us that the company is pitching (via a survey, of course) to hit three price points for customers, each fee buying a smartphone and the first month's service. All they could supply were the specs, so we've suggested some handsets that could fit the bill:

• Entry Level: $199 gets a phone from an "unknown" manufacturer with a 3.5-inch touchscreen, 600MHz CPU, 0.5GB of storage and a 5-megapixel camera -- which puts us in mind of the ZTE Libra or the iNQ Cloud Touch.
• Mid-range: $299 will buy a handset from a "well known" manufacturer, 3.7-inch touchscreen, 1GHz CPU, 1GB storage, 5-megapixel camera and a VGA front-facer, similar to the Galaxy U, HTC One V or Huawei Vision.
• Top Line: $499 gets you a 4.3-inch touchscreen phone with a 1.2Ghz dual-core CPU, 8GB storage and, weirdly, a 7-megapixel camera. We hope that last stat is a typo, since it rules out the vast majority of handsets at that level. If it was 8-megapixels, for example, we'd be thinking about phones like the Galaxy S II.

We reached out to the company for more details, and were told that it's simply in a discovery phase of sorts -- it's still trying to get a better grasp on exactly what phones would be desired. Unfortunately, that means that there aren't any concrete handset decisions to be shared just yet, but we'll be sure to pass those along as soon as we find out ourselves.

[Thanks, Matt]

Republic Wireless now issuing invites for summer beta program: is your name on the list? originally appeared on Engadget on Thu, 26 Apr 2012 15:17:00 EDT. Please see our terms for use of feeds.

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AHAlife Raises $10.1M To Curate And Sell Hard-To-Find, Luxury Products From Around The World

AHAlife, an e-commerce site for hard-to-find and exclusive luxury lifestyle products, has raised $10.1 million in Series B funding, led by Japanese e-commerce giant Rakuten, with DCM and FirstMark Capital also participating in the round. This brings the company?s total funding to $19.1 million. As we wrote in our review of the site, AHAlife introduces one new product a day in editorial format through its email list, tells the story about how the product was made, who made it, and where it came from while allowing you to also purchase the product. Products span fashion, food, beauty, travel, accessories, home d?cor, tech, and travel experiences.

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Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion

Tim Cook: Apple focusing more on iPad for enterprise

Tim Cook hates litigation, not quite ready to call a patent truce

365 million iOS devices 'in play,' iPad taking off in education and government markets

How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you're Apple, you just keep on keepin' on, shattering even the wildest expectations with "a record March quarter." Leading up to today's earnings, the outfit's stock was down around two percent, mostly on reports that iPhone activations were something other than mind-blowing. That said, shares have already started to creep back into positive territory in after-hours trading. Wall Street was hoping for around $36.88 billion in revenue (despite lower guidance from Apple itself), with upwards of 30 million iPhones sold and 12 million iPads sold -- galling numbers, no matter how you slice it.

The actuals? Well, we're seeing $12.30 earnings per share, compared to an estimated $10.04 earnings per share. It all adds up to $39.2 billion in revenue and $11.6 billion in pure, unadulterated profit with 35.1 million iPhone units sold alongside 11.8 million iPads. (Of note, the new iPad was only on sale for around a fortnight in this quarter, making that figure even more impressive.) The former represents an 88 percent unit growth over the year-ago quarter, while the latter shows a 151 percent unit increase over the year-ago quarter. Though Mac sales weren't equally astonishing, the four million units sold in the past three months indicates a seven percent uptick compared to Q2 2011. The iPod department, which has been sinking in recent years as iPads and iPhones become the primary music players of consumers, still saw 7.7 million units sold, representing a 15 percent decline from the same quarter last year.

Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010.

Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010. As for CEO Tim Cook's reaction? Aside from grinning from ear-to-ear looking at his growing stash of loot, he stated: "We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver." Keep on telling us that, Tim, and we'll keep waiting. The conference call kicks off at 5PM ET, and we'll be liveblogging it just after the break!

Continue reading Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion

Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion originally appeared on Engadget on Tue, 24 Apr 2012 16:29:00 EDT. Please see our terms for use of feeds.

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Beyonce Named Most Beautiful Woman in the World!

She's a 16-time Grammy Award winner, a beauty and style icon, a wife and a mother. Now Beyonce can add World's Most Beautiful Woman to her resume.

People bestowed that honor upon her in its new cover story.

"I have never felt so connected, never felt like I had such a purpose on this earth," the megastar said ... of becoming a mother for the first time this winter.

All other accolades and achievements pale in comparison, she says, to the love she and husband Jay-Z feel for baby Blue Ivy Carter, born Jan. 7 in NYC.

"She's just the cutest thing," gushes Beyonce, 30, who croons to her little girl and even professes to "love" changing her diapers along with Jay, 42.

So who does her daughter most resemble? "She looks like Blue," says Bey, who's already back to pre-pregnancy weight. "She's her own person."

"The best thing about having a daughter is having a true and unique legacy," she adds. "The word 'love' means something completely different now."

That's probably the world's most beautiful sentiment, but what do you think of People's annual honor? Check out these Beyonce photos and vote below:

Is Beyonce the world's most beautiful woman?

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