Facebook's Revenues Leaked

← Back to Stories (view on slashdot.org)

Posted by Soulskill on Friday January 7, 2011 @05:28AM from the all-about-the-benjamins dept.

eldavojohn writes "Think that Goldman Sachs spent too much on Facebook with the $450 million investment? Well, a very wealthy customer of theirs decided to leak Facebook's financials yesterday after receiving it over lunch: '... during the first nine months of 2010, Facebook generated $1.2 billion in revenue. Net income at the firm was $355 million. The financial statements were not audited and offered little detail about how Facebook generates its revenue, said the source, who did not want to be identified because he had signed a non-disclosure agreement.' Expanding this nine-month period to a year yields $1.6 billion in revenue and under half a billion in income. Given that, should Facebook be valuated at $50 billion?" Reader frontwave adds news that other social tech companies are hurriedly considering IPOs of their own.

8 of 295 comments (clear)

Min score:

Reason:

Sort:

Re:Is Facebook a viable long term business model ? by MightyYar · 2011-01-07 05:32 · Score: 5, Funny

What would be the percentage of "Facebook penetration" amongst the /. users ?
If it's penetration you're after, Craigslist is far superior.

--
W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
What's missing from the reports by DoofusOfDeath · 2011-01-07 05:38 · Score: 5, Funny

The reports fail to disclose that I just deleted my account.
So, I'm just saying, the valuations need to take that into consideration.
1. Re:What's missing from the reports by MagicM · 2011-01-07 05:54 · Score: 4, Funny
  
  You can't be that important. You don't even have a Facebook account.
Re:Is Facebook a viable long term business model ? by Quiet_Desperation · 2011-01-07 05:42 · Score: 3, Funny

Nah, that's more of a purgatory offense.
Re:Is Facebook a viable long term business model ? by DeathFromSomewhere · 2011-01-07 05:53 · Score: 4, Funny

[Citation Needed]

--
-1 overrated isn't the same thing as "I disagree".
Re:Is Facebook a viable long term business model ? by KhabaLox · 2011-01-07 06:15 · Score: 4, Funny

How much of the third world would place Facebook ahead of not being raped or forced to starve to death?
Dude, have you seen Facebook's new profile page?

--
Ceci n'est pas un sig.
Re:Is Facebook a viable long term business model ? by Surt · 2011-01-07 07:19 · Score: 3, Funny

Kings 9:21:
And he who shall visit a prostitute found via craigslist shall spend eternity in purgatory.
At least, that's what my version of the bible has.

--
"Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
Re:Is Facebook a viable long term business model ? by AlamedaStone · 2011-01-07 09:35 · Score: 3, Funny

Wait what? I know a lot of teens who are on facebook, and who's parents are on facebook... and... the teens don't mind using facebook...
It's whose, you reprobate!
Sorry. It's my CDO acting up. Sorta like OCD, but it's alphabetical - as it should be.

--
"All these years believing you're the signified monkey, only to find out you're just a big hunk of nobody cares."