Facebook Financial Information Leaked

Posted: Feb 1 2008, 2:01pm CST | by , Updated: Aug 11 2010, 5:57am CDT, in News | Other Stuff

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The Times online reports that Facebook’s financial information was leaked today after a conference call with employees about the state of the company. It seems that some of the employees were less than tight lipped about the call.

The revenue for 2007 was said to be $150 million USD and revenue for 2008 is expected to be between $300 and $350 million USD. CEO Mark Zuckerman said that company employees would increase to 1,000 in 2008, up from the 450 current employees.

Facebook expects to spend in the area of $200 million mostly for upgrade servers to handle more users. The figures show that the company expects to lose around $150 million in 2008 but has sufficient cash reserves.

Via Times Online.

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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