Report: Facebook Revenue Was $777 Million In 2009, Net Income $200 Million
According to TechCrunch Facebook Revenue in 2009 was just $200M on revenue of$777M. Obviously, showing massive growth and is now the biggest single website in the world – but does this economic pattern justify a valuation by Goldman Sachs of $50 BILLION? Or, should I just shut up and realise that bankers and investment analysts are always great at properly anticipating future profitability with all their clever models? Such as; the US and UK property markets for example?