At long last, thanks to the uber-secret stock-sale memorandum that Goldman hand-messengered around yesterday, we now have a basic sense of Facebook's recent financials.
From a high level:
2009 REVENUE: $775 million
2009 PROFIT: $200 million
2010 REVENUE: ~$2 billion
2010 PROFIT: ~$500 million
So, based on this, is the company WORTH the $50 billion that Goldman's clients are desperate to buy it for?
The answer, as always, is "It depends."
Read more: http://www.businessinsider.com/so-now-that-we-know-facebooks-numbers-is-it-worth-50-billion-2011-1#ixzz1ASLXinDl
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