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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 
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.
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