According to Forbes magazine a leaked report indicates Facebook as the worlds largest social


network, earned $500 million profit on revenues of $1.6 billion in the first half of 2011


practically doubting it's 2010 performance, Facebook expanded it's user base to a whopping


750 million and has taken one-third of all ad impressions served in the US. ( more than


Yahoo, Microsoft, Google, and AOL together).

http://www.gidilinks.com/2011/09/facebook-rakes-in-16-billion-in-first.html

What do u expect the owner is a JEW.

who cares,

See as him dey smile pepper don rest.

Are their financials reported semi annually or quarterly?

Amazing.

500 milla profit on 1.6bn revenue. now that's what i call a sweet profit margin.

na wa o,hw d guy no go make money,when pple cnt do without fb, pple are addicted, mayb am nt excluded sef

engineerd:

What do u expect the owner is a JEW.

Did you or people you know joined Facebook because of the owner or where he comes from? Or simply because you enjoy and make use of the free social network?

Pepper don rest

Hello all.

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Thank you

God Bless Nigeria.

engineerd:

What do u expect the owner is a JEW.

Wrong Answer

He is ILLUMINATI

everyone that uses his or her brain to make money is one  

Please can someone tell me how he makes money from the website aside advertisements. I seriously want to understand the business in website ownership.

Mehnnn dats sup. While sum re online flirting. Da smart ones re busy creatin avenues of making money. GOD pls answer my prayers.

Deep freezer:

Mehnnn dats sup. While sum re online flirting. Da smart ones re busy creatin avenues of making money. GOD pls answer my prayers.

this is the wrong place to pray bro. God is on facebook, not Nairaland. u can only pray to tribalists on Nairaland

The information came from a leaked document and facebook makes most of its money from advert revenues. Mark earns one million dollars salary as the ceo besides the stocks he holds in the company which is worth billions. He is not even 30 yet. No pun intended guyz he deserves it, jew or no jew.

Its making that much but not hiring that many people ----- yikes!


They better pay all of their loans back ---- hopefully, google plus is able to compete adequately.

The guy might not be the brightest brain out there. He gave people what they want and people knowing/unknowingly keep giving him what he wants. That is what matters

I viewed more than ten of his pictures and he's happily displaying his 32 teethes. Now i know better

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Vanpee:

Please can someone tell me how he makes money from the website aside advertisements. I seriously want to understand the business in website ownership.

You answered the question yourself; advertising. Imagine more than half a billion (500 million) use Facebook few of whom are business (small, medium and large and even corporation, govt, non profits etc). Repeated advertising is the most income generator. Post an ad for a few $$$ that have the ability of 500 million audience, imagine when 10, 100, 1000, 10,000 , up to 10million businesses and entities advertise repeatedly with different themes. An average business will spend about $50 or more monthly to place an ad on Facebook, multiply that by a potential of 1 million business x 12 months, I believe that should answer your question. Keep in mind that games, apps, as well as other stuff brings in revenues as well.


Imagine how many million phones have the rights to download the Facebook app. There's a royalty paid to FB for every FB app downloaded. Not only phones, you now have other electronic devices, even commercial licensing of the site and so. the revenue stream is endless. For $1.6billion, I think it's small keeping in mind they valued the company at almost $50billion. Look at Craigslist, them make double / triple digit (in millions) in profit annually. eBay is another prime example though they are not a social network but bottom line is the

Good news for a change, Na to run buy shares there!!

Nawa oh! But Nairaland adverts are free now or I'm I in d dark abi Oga Sheun is just being nice to us,
Sumbody xplain pls

Adverts on facebook performs better than even google ads which is more niche targeted, is a development that baffles me as well.
Good product +massive investment=BIG MONEY. It works for every biz, we will all not be Mack but we all can grow our various businesses to the same level as facebook with determination,focus, the right environment and the opportunities.

i just thank God for him. That is all i can say

more profits on his way,

Facebook is valued at 50 billion USD, makes 500m USD from sales revenue of 1.6 billion USD, is planning to float consecutively on three international stock exchanges and private equity investors are just looking for an 'exit point', just  do the maths and put the pieces of the 'jigsaw puzzle' together


My opinion, 'greater fool theory' at work once again!

http://blogs.telegraph.co.uk/finance/jeremywarner/100009173/the-facts-behind-goldmans-50bn-facebook-valuation/

All fingers are not equal jare,
Let the guy be na im destiny be that go search and work your own out,
9ja i hail Ooooooo!

My programming idol mark!!

facebook has come to stay, to rake money, an enterprise greater than anyother of its like
how come adverts are flying over here, wanna make it like fb, implement an adsense