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?

via Report: Facebook Revenue Was $777 Million In 2009, Net Income $200 Million.

Author: Andrew Armour

Andrew Armour is a marketing and media professional, a specialist in business partnerships and the Founder of the consulting business - Benchstone Limited. His career spans from the UK music industry to the America's Cup, from winning agency pitches to securing key digital content deals. He is married to Viv, lives in Hampshire and works in London. View all posts by Andrew Armour