Feeds

Revenues double at Facebook, says source

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

New hybrid storage solutions

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. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.