AfterDawn: Tech news

Facebook had $800 million revenue in 2009

Written by Andre Yoskowitz @ 18 Jun 2010 10:22 User comments (3)

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.

Previous Next  

3 user comments

118.6.2010 23:11

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.

219.6.2010 20:23

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

324.6.2010 16:20

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.

Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive