Facebook Lawsuits

Back-and-forth with regulators before offering included discussions of revenue, acquisitions.

Senh: Zynga makes up 19% of Facebook's revenue for 2011: “Please disclose that revenue from ads shown to users using Zynga apps on Facebook was approximately 7% of your revenue for 2011,” reads the April 10 letter from SEC Assistant Director Barbara Jacobs to Facebook CFO David Ebersman, “and that this is in addition to the 12% of your 2011 revenue derived from payments processing fees related to Zynga’s sale of virtual goods and direct advertising purchased by Zynga.”

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    In some of the most recent correspondence — letters dated April 10 and May 1 — regulators requested additional information on Facebook’s relationship with social gaming company Zynga, and its acquisition of Instagram. “Please disclose that revenue ...
    06/15/2012 - 4:06 am | View Link
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