As is known, Facebook ranks as the largest social networking site in the world with nearly half a billion users. Thus, it is possible to generate investor interest to release the stock to public (IPO), despite the insistence of IPO firms is not a priority at this time. July last year, Marc Andreessen Facebook Council members said that the company is on track to earn income above $ 500 million.
In September, Facebook said that they were more positive cash flow, so the company can generate enough money to cover operating expenses and capital expenditure needs.Whereas previously, a variety of media to predict revenues reached $ 550 million Facebook to $ 700 million. In fact, two sources say that Facebook revenues in 2009 was $ 700 million to $ 800 million.
Labels: Social Networks
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