Monday, March 22, 2010

Facebook to make $1 Billion this year

The Social Network giant Facebook has released some financial numbers showing that it may eventually meet its revenue target of $1 Billion this year.
The company made an upward revenue of $700 Million last year 2009 and its expected to have an increase of $300 Million this year.
The break down for the last year revenue included brand advertising making up to $225 Million and performance marketing adding $350 Million to the company, the details stated that Microsoft adverts alone brought in $50 Million and this will increase.
The company this year is planning to introduce credit the use of virtual currency to purchase anything from games, applications and so on on facebook, the effect of this will definitely increase the revenue of the ubiquitous social network for the current year and other years to come.The revenue growth of Facebook has usually doubled every following year.

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