Feeds

Facebook revenues 'hit $1.2 billion in nine months'

2010 financials leaked

Next gen security for virtualised datacentres

Facebook pulled in $1.2 billion in revenue over the first nine months of 2010, according to a report citing documents distributed by Goldman Sachs, which is offering Facebook equity to some of its wealthiest clients.

Facebook's net income during the first nine months of 2010 reached $355 million, Reuters reports. Goldman values Facebook at $50 billion, and it's offering as much as $1.5 billion in Facebook equity.

An earlier report from The Wall Street Journal said that 2010 Facebook financials were not disclosed to at least one Goldman Sachs customer. This report pegged the social networking's outfits 2009 revenues at $777 million and net income at $200 million.

Facebook did not immediately respond to a request for comment.

The social network now boasts 500 million users worldwide, and according to Facebook boss Mark Zuckerberg, half of those 500 million log in every day. What's more, these people are voluntarily giving the service scads of info not only about themselves but about their friends, family, and acquaintances. It's potentially the ideal platform for targeted advertising. And that's why Google is so jealous. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?