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September 13, 2011

Who Is Making How Much : Facebook Vs Google : Revenue Comparison

Facebook is growing pretty fast -- the company has booked more than $1.6 billion in sales in the first half of 2011, and is likely to reach $4 billion by the end of the year.
But Google grew a lot faster in its first seven years. Facebook is doing way better than Yahoo, though

Net income in the first half of 2011 came to almost $500 million, according to the source, who wished to remain anonymous because privately-held Facebook does not disclose its results .That's about twice as much as it earned and booked during the first half of 2010

According to Bussinessinsider ,  the earlier projection  in April  was that that Facebook could see up to $4 billion in revenue for the year, and $2 billion in EBITDA earnings. The year is half over, and Facebook is less than halfway there.

Advertising usually picks up in the last quarter of the year, so Facebook will probably achieve this Target.

However the Fact  remains that " Facebook Though has grown its marketshare very quickly, the same cannot be said of its Financial performance ( revenue). Facebook hasn't provided much information about how it will grow its revenues beyond advertising -- it canceled its daily deals service after only a few months of testing, and so far it hasn't done much to extend Credits beyond in-game purchases, although rumors of a new mobile payment platform have been swirling since early this summer.

Facebook's stronger results come as investors have pushed its valuation to roughly $80 billion in private markets, with many industry observers expecting the world's No. 1 Internet social network to go public in 2012.