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Nairaland Forum / Nairaland / General / Business / Facebook Rakes In $1.6 Billion In First Half 2011 (5201 Views)
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Facebook Rakes In $1.6 Billion In First Half 2011 by Nobody: 11:29am On Sep 08, 2011 |
According to Forbes magazine a leaked report indicates Facebook as the worlds largest social network, earned $500 million profit on revenues of $1.6 billion in the first half of 2011 practically doubting it's 2010 performance, Facebook expanded it's user base to a whopping 750 million and has taken one-third of all ad impressions served in the US. ( more than Yahoo, Microsoft, Google, and AOL together). http://www.gidilinks.com/2011/09/facebook-rakes-in-16-billion-in-first.html
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Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Nobody: 5:05pm On Sep 08, 2011 |
What do u expect ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by ehie007(m): 5:06pm On Sep 08, 2011 |
who cares, |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Ournaija: 5:07pm On Sep 08, 2011 |
See as him dey smile pepper don rest. ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by jerryben12: 5:10pm On Sep 08, 2011 |
Are their financials reported semi annually or quarterly? |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by ektbear: 5:11pm On Sep 08, 2011 |
Amazing. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by lagcity(m): 5:12pm On Sep 08, 2011 |
500 milla profit on 1.6bn revenue. now that's what i call a sweet profit margin. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by lasunray(m): 5:15pm On Sep 08, 2011 |
na wa o,hw d guy no go make money,when pple cnt do without fb, pple are addicted, mayb am nt excluded sef |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Breeze5000: 5:25pm On Sep 08, 2011 |
engineerd:Did you or people you know joined Facebook because of the owner or where he comes from? Or simply because you enjoy and make use of the free social network? |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by smaller(m): 5:26pm On Sep 08, 2011 |
Pepper don rest ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by forexdon: 5:32pm On Sep 08, 2011 |
Hello all. Pls vote for Damilola Teidi to Model on the catwalk for Issa at London Fashion Week. You can do that via both twitter and fb buttons (it will be counted as two votes)or either of the two. Here is the link http://www.talenthouse.com/creativeinvites/preview/a8684803ed1cffb1517f5cb3f495ba4a/289 The selected model will also have the possibility to earn a contract with Premier Models, one of the UK's top modeling agencies. Travel and two nights' accommodation in London will be provided. The highest voted submission will receive an exclusive item from Issa's collection. Pls vote and share so others can vote too. Thank you God Bless Nigeria. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by kokoye(m): 5:32pm On Sep 08, 2011 |
engineerd: Wrong Answer He is ILLUMINATI everyone that uses his or her brain to make money is one ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Vanpee(m): 5:35pm On Sep 08, 2011 |
Please can someone tell me how he makes money from the website aside advertisements. I seriously want to understand the business in website ownership. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Deepfreezer(m): 5:36pm On Sep 08, 2011 |
Mehnnn dats sup. While sum re online flirting. Da smart ones re busy creatin avenues of making money. GOD pls answer my prayers. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by lagcity(m): 5:40pm On Sep 08, 2011 |
Deep freezer: this is the wrong place to pray bro. God is on facebook, not Nairaland. u can only pray to tribalists on Nairaland ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Nobody: 5:43pm On Sep 08, 2011 |
The information came from a leaked document and facebook makes most of its money from advert revenues. Mark earns one million dollars salary as the ceo besides the stocks he holds in the company which is worth billions. He is not even 30 yet. No pun intended guyz he deserves it, jew or no jew. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by obowunmi(m): 5:50pm On Sep 08, 2011 |
Its making that much but not hiring that many people ----- yikes! ![]() ![]() ![]() They better pay all of their loans back ---- hopefully, google plus is able to compete adequately. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by chrisvicch: 6:00pm On Sep 08, 2011 |
The guy might not be the brightest brain out there. He gave people what they want and people knowing/unknowingly keep giving him what he wants. That is what matters
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Re: Facebook Rakes In $1.6 Billion In First Half 2011 by johnshagb(m): 6:14pm On Sep 08, 2011 |
I viewed more than ten of his pictures and he's happily displaying his 32 teethes. Now i know better ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by Nobody: 6:32pm On Sep 08, 2011 |
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Re: Facebook Rakes In $1.6 Billion In First Half 2011 by manny4life(m): 7:10pm On Sep 08, 2011 |
Vanpee: You answered the question yourself; advertising. Imagine more than half a billion (500 million) use Facebook few of whom are business (small, medium and large and even corporation, govt, non profits etc). Repeated advertising is the most income generator. Post an ad for a few $$$ that have the ability of 500 million audience, imagine when 10, 100, 1000, 10,000 , up to 10million businesses and entities advertise repeatedly with different themes. An average business will spend about $50 or more monthly to place an ad on Facebook, multiply that by a potential of 1 million business x 12 months, I believe that should answer your question. Keep in mind that games, apps, as well as other stuff brings in revenues as well. Imagine how many million phones have the rights to download the Facebook app. There's a royalty paid to FB for every FB app downloaded. Not only phones, you now have other electronic devices, even commercial licensing of the site and so. the revenue stream is endless. For $1.6billion, I think it's small keeping in mind they valued the company at almost $50billion. Look at Craigslist, them make double / triple digit (in millions) in profit annually. eBay is another prime example though they are not a social network but bottom line is the |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by jamest3(m): 7:40pm On Sep 08, 2011 |
Good news for a change, Na to run buy shares there!! |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by tenderheart1: 8:08pm On Sep 08, 2011 |
Nawa oh! But Nairaland adverts are free now or I'm I in d dark abi Oga Sheun is just being nice to us, ![]() Sumbody xplain pls |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by thirdeye(m): 9:12pm On Sep 08, 2011 |
Adverts on facebook performs better than even google ads which is more niche targeted, is a development that baffles me as well. Good product +massive investment=BIG MONEY. It works for every biz, we will all not be Mack but we all can grow our various businesses to the same level as facebook with determination,focus, the right environment and the opportunities. |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by asiancontainer(m): 11:23pm On Sep 08, 2011 |
i just thank God for him. That is all i can say |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by babaowo: 12:45am On Sep 09, 2011 |
more profits on his way, |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by deenee: 12:49am On Sep 09, 2011 |
Facebook is valued at 50 billion USD, makes 500m USD from sales revenue of 1.6 billion USD, is planning to float consecutively on three international stock exchanges and private equity investors are just looking for an 'exit point', just do the maths and put the pieces of the 'jigsaw puzzle' together My opinion, 'greater fool theory' at work once again! http://blogs.telegraph.co.uk/finance/jeremywarner/100009173/the-facts-behind-goldmans-50bn-facebook-valuation/ |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by joe4christ(m): 12:55am On Sep 09, 2011 |
All fingers are not equal jare, Let the guy be na im destiny be that go search and work your own out, 9ja i hail Ooooooo! |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by IbroSaunks(m): 2:14am On Sep 09, 2011 |
My programming idol mark!! ![]() ![]() ![]() |
Re: Facebook Rakes In $1.6 Billion In First Half 2011 by lynkyinka(m): 8:19am On Sep 09, 2011 |
facebook has come to stay, to rake money, an enterprise greater than anyother of its like how come adverts are flying over here, wanna make it like fb, implement an adsense |
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