Feeds

Facebook rattling tin in Dubai?

Electricity is expensive... bitch

SANS - Survey on application security programs

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.®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.