Feeds

Revenues double at Facebook, says source

That's $1.6bn in the first half of the year... bitch

3 Big data security analytics techniques

Facebook's first half revenue has nearly doubled to $1.6bn, despite the advent of new rivals like Google+.

Net income for the half was almost $500m, a source told Reuters, adding that they did not want to be named because privately-held Facebook doesn't have to tell anyone what it makes.

The results can only help any potential IPO Facebook might be plotting, something the pundits expect sometime next year. Latest valuations put the social network at $79.2bn, a princely sum, but around $5bn less than it would have made if it had gone public at the beginning of July.

Some attribute the fall in Facebook's share prices to either "Facebook fatigue", a nice little moniker meant to convey that everyone's sick of the network already, or because everyone would much rather be tweeting or chilling in a Google+ Hangout.

But the results would suggest that Facebook's advertisers are keeping the faith and helping the company turn eyeballs into money.

There's also been other evidence to back up the idea that Facebook ain't quite dead yet, with bean-counter comScore reporting its highest ever unique visitor numbers in July at 162 million.

At the time of publishing, Facebook had not responded to requests for comment. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.