Facebook Said To Be On Course For $2 Billion revenue in 2010

[engine]

Facebook Said To Be On Course For $2 Billion revenue in 2010 [bloomberg.com]

Facebook Inc., the world’s most popular social-networking service, is likely to generate 2010 revenue of about $2 billion, a larger sum than projected earlier, according to three people familiar with the matter.

Sales will more than double from 2009, said the people, who declined to be identified because the privately held company doesn’t disclose revenue. Facebook had $700 million to $800 million in sales last year, and the 2010 figure was previously expected to be closer to $1.5 billion, according to two other people familiar with the matter earlier this year.

[BillyS]

Revenues are meaningless and the comparison to Google and Yahoo is a joke. Media hype at it's best.

Let's compare profitability... that's where the rubber hits the road.

I love the value placed on the company - $43 billion. That's a P/E ratio of what... 150?

I guess if everyone in the world had internet access,
and they all signed up for a facebook account,
and they put ten times more ads on each page,
then they'd pass Google.

I'm sure I don't get it.

[weeks]

well, nuts.
Billy said what I wanted to say, but said it better.

[BillyS]

Billy said what I wanted to say, but said it better.

Sone had to say it... ;)

[weeks]

OK, this guy said it even better:

If history holds, TIME has just marked the top in the value of Facebook — at least for the foreseeable future. The Bezos cover marked the high point in Amazon.com’s stock for the next 10 years.
...
Given the challenge in monetizing that massive user base, $33 billion seems pretty rich. Time will tell if, like Amazon, Time just marked a decade long top in Facebook valuation. History suggests that it's a pretty good bet it did.
[ritholtz.com...]

[OMZen]

imagine if they started charging the Business Fan pages..yearly subscription model..

[backdraft7]

imagine if they started charging the Business Fan pages..yearly subscription model..

If they did that, nobody would use it. Facebook is the scourge of the internet.