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Thursday, 08 September 2011 14:24

Tech: Facebook On Track For Record Profits

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Facebook On Track For Record Profits

Remember Facebook’s $100 billion evaluation? Sure the company may eventually be worth that much, but in the here and now, the company hasn’t exactly been turning Goldman Sachs-level profits selling our personal info against ads until now. [Read More]

Currently at around $1.6 billion in revenue for the year, the company’s income should therefore be around $500 million, its highest numbers yet.

Want to wager who’s most ecstatic about this? It's probably not Mark Zuckerberg, since he always gives off the impression he’s not it in for the money.

Smart money's on Bono--the U2 frontman owns a stake of about $1 billion in Facebook. Yep. Bring on the hate.

[via Mashable]

Read 374 times Last modified on Thursday, 08 September 2011 14:37
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Lionel

from Indiana, live in Detroit - loves technology, politics and wellness. email me at: lb@theblueprintmagazine.com

Website: theblueprintmagazine.com

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