Facebook Could Double Its Revenue in 2011

Credits gain steam

Facebook is making more money than ever. If one prediction is correct, it looks to be on track to more than double the money it made last year.

According to a new forecast from eMarketer, global revenues at the social networking site will reach $4.27 billion in 2011, up from $2 billion in 2010. Included in that massive figure is $3.8 billion in ad revenue for the year, up 104 percent from $1.86 billion in 2010, and another $470 million in revenue from Facebook Credits, up from $140 million last year.

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