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Facebook.com is amongst the world’s most visited websites month after month. Having over 500 million people login to Facebook has helped the company to double it’s revenue from 2009, which is expected to reach $2 billion by the end of the year.
Previous projections for Facebook, Inc. showed that the company would bring in $1.5 billion in revenue during 2010. But that number has grown significantly by over 35% – due mainly to ad sales and virtual gift purchases. The company, which was founded in 2004, has grown faster than many popular websites. According to Bloomberg, Yahoo didn’t reach $1.6 billion for nine years. And Facebook is pretty close to meeting Google’s growth.After five years, Google brought in $1.5 billion; In six, they procured $3.6 billion.
Facebook CEO Mark Zuckerberg was named Time Magazine’s “Man of the Year” this week, beating out the winner of the reader’s poll – Julian Assange (read about it here). Facebook is definitely moving in the right direction, and things are looking good for the number one social networking site in the world.