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Facebook's Revenues Leaked

Posted by Soulskill on 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.

5 of 295 comments (clear)

  1. Re:Is Facebook a viable long term business model ? by MightyYar · · 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.

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    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  2. What's missing from the reports by DoofusOfDeath · · 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 · · Score: 4, Funny

      You can't be that important. You don't even have a Facebook account.

  3. Re:Is Facebook a viable long term business model ? by DeathFromSomewhere · · Score: 4, Funny

    [Citation Needed]

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    -1 overrated isn't the same thing as "I disagree".
  4. Re:Is Facebook a viable long term business model ? by KhabaLox · · 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?

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    Ceci n'est pas un sig.