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.
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