The Turnover Of Facebook Has Nearly Doubled In The First Half

Sep 13, 2011 1 Comment by

The turnover of Facebook has almost doubled to $ 1.6 billion (1.1 billion euros) in the first half of 2011, according to an anonymous source close to the group interviewed by Reuters. Facebook, which is not publicly traded, does not make its results public.

 

 

Net income stood at nearly $ 500 million during the first part of 2011. The improvement in the group increased its value to about $ 80 billion in secondary markets. Facebook could s’ to introduce the stock market in 2012, although its founder Mark Zuckerberg has still been hesitant about the need for his company to be traded: investors scrambling to buy at the price of gold shares in the group market side, Facebook is no shortage of money to finance its developments.

 

In 2010, Facebook had generated $ 355 million profit in the first nine months of the year, according to documents provided by the bank Goldman Sachs to potential investors. With over 750 million users, Facebook is the main competitor of Google and Yahoo in online advertising. Advertising revenues of Google, however, remain significantly higher than the social network: in the second quarter 2011, the search engine has achieved a turnover of 6.82 billion dollars (4.45 billion euros) from to most of its advertising activities.


Technology

One Response to “The Turnover Of Facebook Has Nearly Doubled In The First Half”

  1. http://www.thiscovers.com/ says:

    Wow! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same layout and design. Great choice of colors!

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