Report: Facebook Was Profitable in 2009, with Revenue Up to $800M
Facebook doesn’t publicly disclose its annual revenue and profit numbers. But the latest report, from Reuters, says it made up to $800 million in total revenue for 2009, with profit in the “tens of millions of dollars.” This number is higher than previous estimates, which have ranged as low as $500 million.
Why the wide range in estimates? From the report:
“They are downplaying their performance,” one source said, adding that 2009 revenue was more than double the previous year’s total.
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