engine - 4:43 pm on Sep 7, 2011 (gmt 0)

Report: Facebook's First Half Revenue Hits $1.6 Billion [reuters.com]

Facebook's first-half revenue roughly doubled to $1.6 billion, underscoring the world's largest social network's appeal to advertisers. Net income in the first half of 2011 came to almost $500 million, according to a source, who wished to remain anonymous because privately-held Facebook does not disclose its results.