Facebook 2010 Sales Said Likely To Reach $2 Billion!
December 17, 2010, 13 years ago
According to Bloomberg.com, Facebook Inc., the world’s most popular social-networking service, is likely to generate 2010 revenue of about $2 billion, a larger sum than projected earlier, according to three people familiar with the matter.
Sales will more than double from 2009, said the people, who declined to be identified because the privately held company doesn’t disclose revenue. Facebook had $700 million to $800 million in sales last year, and the 2010 figure was previously expected to be closer to $1.5 billion, according to two other people familiar with the matter earlier this year.
Mark Zuckerberg, Facebook’s founder and chief executive officer, was named Time magazine’s “Person of the Year” yesterday. The publication noted his role in “creating a new system of exchanging information” and “changing how we all live our lives.”
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