Facebook 2010 revenues expected to be $1.2 to $2 billion
Posted by Paul in Publisher, business, social media on March 4, 2010
The Wall Street Journal expects Facebook revenues to break the $1 billion barrier this year, and the business news outfit estimates revenues of $1.2 billion to a stunning $2 billion.
Facebook has over 400 million users and is widely expected to file for an IPO this year, which will without a doubt make it the biggest tech IPO since Google.
Playdom, the social game company, has announced that they’ve acquired Facebook game developer Offbeat Creations. Playdom is more popular on the MySpace game market than on Facebook and is looking to expand more into the Facebook territory. Their most popular Facebook game, Mob Wards, has over 10 million monthly players. Playdom has raised $43 million in Venture Capital so far.
After days of rumors, it’s been
Yelp has been hit with a class action lawsuit alleging that the online review service extorted people for money. The lawsuit has been brought by a veterinary hospital in California, which claimed they asked Yelp to remove a negative review, where after Yelp demanded $300 per month in fees to remove negative reviews.
Reply.com, a local advertising marketplace, has filed an IPO where the company
One of the most sought after, traded and talked about domains online is sex.com, which has been bough and sold several times over the past years, each time bringing in more money than previously. 