Feeds

Facebook rattling tin in Dubai?

Electricity is expensive... bitch

Providing a secure and efficient Helpdesk

As more and more people spend their time uploading digital narcissism to Facebook, the uber-social networking site seems to have burned through its Microsoft-juiced funding much quicker than expected.

According to sources whispering in the ears of Michael Arrington, Facebook is "testing" the capital markets again - despite raising $240m from Microsoft last year and another $235m this.

This week, the TechCruncher has reported, Facebook chief financial officer Gideon Yu is in Dubai, "possibly" discussing fund raising options with Dubai International Capital, the private equity firm owned by the city's ruler - who also happens to be the Prime Minister of the United Arab Emirates.

Sources told Arrington that Facebook is spending "well over" a million dollars a month in electricity alone and "likely" another $500,000 for bandwidth, as shameless social networkers post billions of photos and other solipsistic pixels. Recently, the company said that users upload two to three terabytes of photos each day. And every second, it serves as many as 300,000 pics the other way.

The word from TechCrunch is that Facebook has set aside $100m to buy 50,000 servers this year and next. And it's supposedly buying a $2m NetApp storage system each and every week.

All this should be taken with a grain of salt. That said, we wouldn't be surprised if mammoth electricity bills have Zuckerberg and Co. sidestepping a melting US economy for large money bags in the Middle East.®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.