Did Facebook Double Its First-Half Revenues?
Facebook may have brought in $1.6 billion of revenues during the first half of 2011.
Would you pay $33 per share for a company that doubled its revenue to $1.6 billion in the first half of 2011 compared with the year-earlier period? What if that company’s name was Facebook?
A source quoted that revenue figure to Reuters, adding that the social network racked up nearly $500 million in net income for the first six months of the year. Unfortunately, the source did not provide Reuters with comparable numbers for the first half of 2010.
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