Comments on: Zuckerberg talks Facebook financials: Making money, but paying for growth

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By: Facebook’s virtual gifts may make more than $40 million this year » VentureBeat

Tue, 02 Sep 2008 23:11:09 +0000

[...] bigger picture, regardless, is that this data helps explain why Facebook expects to possibly more than double its revenue from $150 million last year, to $350 milli…. Tags: co:Facebook SHARETHIS.addEntry({ title: “Facebook’s virtual gifts may make more [...]

By: Can Location-Based Mobile Social Networks Make Money? | GPS Obsessed

Can Location-Based Mobile Social Networks Make Money? | GPS Obsessed — Sat, 02 Aug 2008 03:42:50 +0000

[...] doing all that well. VentureBeat reports that Facebook only expects to bring in a maximum of $350 million in revenues in 2008, three times that of 2007, but only roughly $9.78 per profile (a rough estimate from 35, 780, 441 [...]

By: Stalking your friends could be big business. $3.3 billion location-based social network economy by 2013? » VentureBeat

Sat, 02 Aug 2008 01:30:52 +0000

[...] even the popular social networks nowadays aren’t making that much money (Facebook expects to make $350 million in revenues this year), the burgeoning field of mobile social networks could be big business shortly, a new report by ABI [...]

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Sat, 15 Mar 2008 03:17:08 +0000

[...] be a good reason – SK announced they spent over 5 million USD in Europe. Now, Facebook is also losing money but hey – since when do we expect social networks to make money? Maybe since Cyworld in Korea, Mixi [...]

By: Facebook management shuffle continues as Van Natta departs » VentureBeat

Facebook management shuffle continues as Van Natta departs » VentureBeat — Wed, 20 Feb 2008 18:24:09 +0000

[...] Van Natta’s departure now marks another round of reshuffling, with some long-time Facebook executives getting promoted and others apparently not. Most likely this is a sign of the company maturing to manage its operations. The company will be spending more than $200 million on infrastructure and will double its workforce to around 1000 people this coming year, chief executive Mark Zuckerberg reportedly said recently. [...]

By: Goodbye Atoms, Hello Bits « Virtual Goods Insider

Goodbye Atoms, Hello Bits « Virtual Goods Insider — Mon, 18 Feb 2008 07:33:07 +0000

[...] The wisdom of the crowds would suggest that Facebook Gifts was a massive flop. But, that just hasn’t been the case. By some estimates, Facebook has earned $15 million in virtual gift revenue since the launch of Facebook Gifts. That is not an insignificant percentage of Facebook’s revenue of $150 million in 2007. [...]