Facebook Brings Home $800 Million in 2009
Facebook Brings Home $800 Million in 2009
Posted 06/20/2010 at 8:32pm
| by Justin Kerr
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Many have often wondered if Facebook and Twitter would ever find a way to monetize the millions of eyeballs they draw to their site every day, and it looks like we finally have our answer. It appears as though Facebook managed to bring in over $800 million in revenue for 2009, a number that blows the lid off anything the analysts were forecasting.
The Reuters news agency who reported on the earnings insist that the information came from a reliable, albeit unnamed source within the company. Validating this number is all but impossible considering Facebook continues to operate as a private company, but these guys have a pretty high degree of credibility.
Assuming these numbers are correct, this works out to about $2 in revenue per user. They still have a long way to go, but beating street estimates should help them attract additional investors should they ever choose to go public. You might only be worth a couple of bucks to Zuck, but he makes it up in volume.
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lunchbox73
June 21, 2010 at 6:11am
Good for them. I wish I would have came up with it. I could use around 800 mil these days.
pepper_roni
June 20, 2010 at 10:41pm
Theres no ads accept those stupid ones that you like at the side
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