Facebook Last Year (2009) Income – 800 Million Dollars
Facebook Revenue 2009
Facebook has topped the expectations in 2009 by realizing nearly 800 million dollars income last year, ABC News reported referring to two unnamed sources. Insiders also revelaed that the social media community has gained 10 million dollars operating profit last year. The 800 million dollars revenue has far exceeded the company’s expectations.
Facebook – which has almost 500 million registered users now – was started as a closed network of university students in 2004. The social media announced in 2009 that its financial balance has turned to posititive, realizing more income than expenditure. At the same year analysts estimated 500 million dollars of the company’s earnings. Although, privacy scandals have cracked the company’s reputation plenty of times recently, the number of registered users and advertisers are steadily growing.
Experts believe, the success in Facebook’s advertising platform is that the large general advertising campaigns can find their ways to their target groups just like smaller, highly specialized marketing campaigns.
Facebook regularly rejects buying and investing offers, while the business world is waiting for the company’s introduction in the stock markets. However, this move is unlikely now, because Facebook is able to finance its agressive expansion from its own revenues. Besides the founders, the company’s shareholders are Microsoft, the Russian Digital Sky Technologies, the Hong Kong based billionaire Li Ka-Shing and other venture capital groups.
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