Facebook results show social user volumes | Advantage social


Attacking Google – Pt. I

While the Facebook crowd has developed its own fangs, social business is here to stay with Facebook users celebrating Facebook’s mega results with great aplomb. Ahead of our own estimates at $500m and even more optimistic estimate at $650 million, Reuters reports Facebook as having completed the first round of its internet conquest with $800 million in revenue, tons in profit nd fallen faces and fuming engines at Google. The social web has declared war on the Google dominated ARPANET and life is new and rosy for users with minutage on Facebook increasing significantly every month without any dent in the pocket. We are still looking for turning points that bring out collaborative marketing as a commercial success having rejected subscription models and advertising based models. Zynga however estimates year 2 will not be as rosy enough for it. Shares of Facebook are trading at select online portals featured here earlier.

(Reuters) – Facebook’s financial performance is stronger than previously believed, as the Internet social network’s explosive growth in users and advertisers boosted 2009 revenue to as much as $800 million, according to two sources familiar with the situation.

MEDIA

The company also earned a solid net profit, in the tens of millions of dollars last year, one of the sources said.

That growth in profit and revenue underscores how Facebook is increasingly making money off its 6-year-old service, which ranks as the world’s largest Web social network with nearly half a billion users.

That sort of performance is likely to whet the appetites of investors keen for a public share float, despite the company’s insistence that an IPO is not a near-term priority.

HOLY KAW!

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About zyakaira
Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

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