Facebook '09 revenue neared $800 million

Comments (8)
gruven137 wrote:

Half a billion plus people logged into one website with all their personal information….and people say the “One World Order” stuff is just some made up conspiracy theory.

Jun 17, 2010 11:49pm EDT  --  Report as abuse
Jerboa wrote:

To think that I have contributed to this profit . . . but I do click “this is offensive” on nearly every right-wing ad that appears on the right of my screen.

Facebook . . . what a silly waste of time. Not like commenting on Facebook articles here on Reuters!

Jun 18, 2010 8:36am EDT  --  Report as abuse
maxatee wrote:

In a way, it’s astounding to know that a social networking site (especially one that doesn’t charge a fee for their services) is garnering such a huge revenue. It’s rather ingenious – it’s not a surprise that other companies are trying to jump on the social media bandwagon. It’s also no wonder that the rest of the media industry is kinda shaking in their boots (related: http://bit.ly/bEXPyu – funny YouTube vid featuring Kool Moe Dee as “Dr. Media”).

So, when’s streaming FaceTV coming out?

Jun 18, 2010 10:15am EDT  --  Report as abuse
spirofrog wrote:

That´s great numbers. And they cover all age groups as we wrote here. http://www.spirofrog.de/blog/2010/06/facebook-com-macht-geld/

Jun 18, 2010 12:02pm EDT  --  Report as abuse
ademas wrote:

It still irks me how many people say that Facebook began in a dorm room at Harvard. This is completely false. I was at the school where Facebook began. DO your research: http://www.readwriteweb.com/archives/mark_zuckerberg_inspiration_for_facebook_before_harvard.php

Jun 18, 2010 12:27pm EDT  --  Report as abuse

Those are terrible numbers.
Companies which manufacture hardware, which deliver oil, which deal with physicalities, have profit margins higher than 2.5% ($20M/$800M). For example, IBM hardware businesses would have profits of at least 10%. Even companies which perform government defense work (which is heavily regulated) whose profit margins are legislated down as low as Congress thinks they will bear, get at least 5%.
IBM software divisions routinely had profit margins above 20%; last year IBM Global Services’ profit magin was 45%.
For a Web 2.0 company like Facebook (no factories, no hardware development, no science research labs, no raw materials costs, almost no safety, trade, environmental, or other regulations) to have a 2.5% profit margin is just terrible.
If this is a harbinger of the “profitability” of Web 2.0 companies then that is bad news for many investors…

Jun 18, 2010 2:36pm EDT  --  Report as abuse
HansGrueber wrote:

That’s only $2 for every soul that Zuckerberg has ruthlessly stolen. Facebook is evil. The more money it makes, the more evil it’ll be.


Jun 19, 2010 8:58pm EDT  --  Report as abuse
j.wolf wrote:

unbelievable success story …

the only real critics are the people who did not think of this first …

well done ..

Jun 21, 2010 6:07am EDT  --  Report as abuse
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