Facebook to reengineer the IPO with all-night hackathon

To prove that the “Hacker Way” is alive and well at Facebook, the social network will be hosting an all-night, employee hackathon at its Menlo Park campus and satellite offices.

The event, dubbed Hackathon 31, is especially significant for the social network as it comes on the eve of its initial public offering and is meant to reinforce the mantra that, while its public listing is important, Facebook’s focus will always be on building and shipping products, a source familiar with the event told VentureBeat.