Report: Facebook Nears $500M Net Income on $1.6B Revenue in First Half of 2011, Mostly Tracking Projections

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Facebook appeared to be on course to make $4 billion in revenue for 2011, we and other publications heard from sources close to the company in January, with net income at around $1 billion. Reuters has an update on that estimate today, citing a source that says Facebook actually made $1.6

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