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.
Citing bad market conditions, the FriendFinder Network has canceled its attempt for an IPO, at least for now. FriendFinder’s IPO was meant to raise capital to pay back some of its debt, which amounts to a stunning $471 million at this point. The company is reportedly paying $75 million in interest every year, while doing just over $245 million in revenue.