Facebook 2011 Revenue to exceed $3 Billion

Facebook was able to "milk" its 750 million users for $1.6 billion in the first half of 2011 according to a Reuters report. So on average Facebook so far earns about $4 per user this year if the revenue is going to hit $3 billion for the full year. Of course Facebook users do not pay anything, advertisers do. It is still not that much that Facebook is able to make from their massive user base. Facebook needs some really good ideas to make more money from its users to rectify the valuation that is supposed to be beyond $80 billion by now.

Facebook is expected to go public next year. At that point Facebook needs to report quarterly earnings. We will see how well that will go. See also our earlier report about an investigation into Facebook Europe about privacy.

Updates

Facebook ads less than lucrative for many businesses

Source: Vancouver Sun

LOS ANGELES - As the public joined the frenzy around Facebook Inc.’s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network’s main business, advertising, was sputtering. The buzz around Fac ...
Full article at: Vancouver Sun  More like this  29 minutes ago

Wis. officials unknowingly break law with Facebook

Source: KREM.com

MILWAUKEE (AP) — Wisconsin elections officials are reminding voters that posting photos of completed ballots on Facebook or Twitter is illegal — but high-ranking members of both political parties apparently missed t ...
Full article at: KREM.com  More like this  32 minutes ago

Wis. officials unknowingly break law with Facebook

Source: KLTV

A fast-moving wildfire fed by dry conditions in Michigan's Upper Peninsula burned Friday, consuming at least 9,500 acres, or nearly 15 square miles, and prompting evacuations, officials said.More >> A fast- ...
Full article at: KLTV  More like this  39 minutes ago

Don't miss ...

• More Technology News Stories
• I4U News Homepage