The Entire Facebook Goodbye-Gideon-We-Are-the-Money-Champions Memo

share
1

Recent videos from allthingsd

246 videos see all

what people are saying

This is just too cute to pass up. Apparently, some staffers at AOL are using a teeny-weeny cartoon–seen here–of new CEO Tim Armstrong as the icon on their instant messaging program.It was apparently made for Armstrong by AOL’s owner, Time Warner (TWX).Sorry it’s so little, but the picture gets blurry if made larger.The strapping-in-real-life former Google (GOOG) advertising head took over AOL unexpectedly two weeks ago, after its two leaders, CEO Randy Falco and President Ron Grant, were shown the door.Since he got the job, the big version of Armstrong has been busy making the rounds, even though he does not officially start until April 7.But Armstrong (pictured here in non-superhero form), many sources said, has been talking up many current and former AOLers–many from its glory days–to learn as much as he can about what he needs to do to force the once-mighty online icon back to relevance.He’ll likely start with a spinoff of the service, and sooner than later, especially if the stock market continues to not tank so much. Of course, to make the most of that, it’ll take a bolder strategy from Armstrong than just selling more advertising, getting a better search deal, adding more content and creating new social-networking widgets.In fact, here’s a free tip for Armstrong from someone who has watched the slow-moving AOL train wreck for far too long: Think much, much bigger than a tiny Tim does.More on that, soon…
Mar
2009

add a comment

2000 characters left.

related videos

tags

collected by 1 person

details

66 views

original description

Dear Elliot Schrage: BoomTown wins. As Sheryl knows from experience, don’t mess with the Swish. Or Texas. Or Zohan. Just don’t mess. For everyone else, here is the entire memo that Facebook sent out this week to its staff about the departure of CFO Gideon Yu and the financial status of the social networking start-up, which some had been questioning. COMPANY CONFIDENTIAL – DO NOT FORWARD Hey Everyone – Today ends the first quarter of 2009, so I wanted to send out an update on our growth and financial progress, as well as a couple of changes we’re making. Our user growth has been extraordinary over the past year and has continued to be strong throughout Q1. We’re getting very close to reaching our 200 millionth active user. This is pretty remarkable considering we just reached 100 million actives a little more than seven months ago. We’ve become the top site for sharing information on the web, and this gives us a good strategic position to help people share even more. I’m also pleased that our financial progress has been very strong as well. While we came into this year wondering how the recession might affect us, our financial performance in the first quarter surpassed our expectations. As other businesses around us are slowing down and cutting back, we continue to grow around the world. Our advertising products are becoming more attractive for advertisers and we have seen strong growth in both our domestic and international direct sales and online sales channels. Even in the current economic environment, we’re confident that this success will continue. Based on our first quarter results, we now believe we are on track to see our revenue grow by at least 70% this year. We just completed our 5th straight quarter of EBITDA profitability. And most importantly, we expect to achieve free cash flow profitability next year. That’s an important measure of financial success and sustainability because it means we’d be
Flag this Video as inappropriate or broken