Will Facebook's Profits Blow Away Amazon's This Year?
Can Facebook pull in more profits than Amazon this year?
Will Facebook pull in more profits than Amazon this year?
It could happen, says the former co-editor of TechCrunch, and its co-founder,Michael Arrington.
Arrington reported on his new blog, Uncrunched, that Facebook posted $1.6 billion in revenue and around $800 million in operating income for the first six months of the year.
With the social network’s revenue and profit rising at a 50 percent clip every six months, $2 billion in operating income for full-year 2011 is fully within reach.
But
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