Today in Tech: How Facebook's IPO made one graffiti artist a millionaire

February 2, 2012: 3:30 AM ET

Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

* As speculated, Facebook filed an initial public offering yesterday. The social network, which now reports 845 million monthly active users and net income of $1 billion on revenues of $3.7 billion, plans to raise $5 billion. Here's the letter from Mark Zuckerberg included with the S-1 Registration statement. (Fortune and Wired)

* If Facebook aims for a high-end valuation of $100 million with its IPO, Zuckerberg's stock in the company would be worth $28 billion. Meanwhile, graffiti artist David Choe, who decorated the company's office walls and opted for stock over cash, will likely find himself $200 million richer. (The Wall Street Journal and The New York Times)

* Meanwhile, colleague Miguel Helft profiles the man behind Facebook's IPO, CFO David Ebersman. (Fortune)

* Though AOL's earnings declined to almost $23 million, down significantly from nearly $66 million, the dip still exceeded analyst expectations. (The New York Times)

* Social curation network Pinterest is growing so rapidly that now it's driving more referral traffic than Google+, Reddit, and LinkedIn combined. (GigaOm)

* According to an Amazon filing, daily deals site LivingSocial lost significantly more than it made last year: $558 million in losses compared with $245 million in revenues. (GeekWire)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

With a background in consumer products and pop culture trends, JP Mangalindan has brought his ability to spot the next big things to his coverage of the tech industry for Fortune.com, writing on topics as diverse as the evolution of net neutrality and the influence of social media. A graduate of Fordham University, Mangalindan has written for GQ, Popular Science, Entertainment Weekly, and nymag.com. He lives in San Francisco.

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