According to sources cited by Reuters, Facebook had revenue of $800 million USD in 2009, thanks to huge boosts in user-ship and advertising.
Perhaps more importantly, the social networking site turned a profit "in the tens of millions of dollars."
Facebook, which started in 2004, has become the most popular web destination in the United States, even topping Google, and has over 500 million users.
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Quote:The revelation comes at a time when shareholders are practically begging for an IPO (initial public offering) for the site, making the company public and allowing it to trade in the stock market.
Even with Facebook being the second, or most, popular site on the Internet it is a social networking site. While it is a well put together site eventually the "next big thing" will come along and Facebook will join the likes of MySpace.
Quote:The revelation comes at a time when shareholders are practically begging for an IPO (initial public offering) for the site, making the company public and allowing it to trade in the stock market.
Even with Facebook being the second, or most, popular site on the Internet it is a social networking site. While it is a well put together site eventually the "next big thing" will come along and Facebook will join the likes of MySpace.
maybe. but i dont see it happening in the near future
Quote:The revelation comes at a time when shareholders are practically begging for an IPO (initial public offering) for the site, making the company public and allowing it to trade in the stock market.
Even with Facebook being the second, or most, popular site on the Internet it is a social networking site. While it is a well put together site eventually the "next big thing" will come along and Facebook will join the likes of MySpace.
maybe. but i dont see it happening in the near future
