AfterDawn: News

Facebook had $800 million revenue in 2009

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.

The revelation comes at a time when would-be 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.

$800 million in revenue, and profits in the tens of millions is well ahead of what various analysts have estimated over the course of the year. Even the most generous estimates placed revenue at $700 million with a thin profit margin.

Revenue in 2008 was $250 million, based on 150 million users.

Written by: Andre Yoskowitz @ 18 Jun 2010 22:22

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• 3 comments

• Pop_Smith

  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.
  

  http://www.megavideo.com/?v=V1VZAD0O <-- Brian Regan "Take Luck" video.
  
  "The only people who should buy Monster cable are people who light cigars with Benjamins." - Gizmodo

  18.6.2010 23:11 #1

• Josipher

  Originally posted by Pop_Smith: 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

  19.6.2010 20:23 #2

• bandoogie

  Originally posted by Josipher: Originally posted by Pop_Smith: 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 But Pop is right, it will happen.

  24.6.2010 16:20 #3