Quantcast

Marc Andreessen: Facebook To Make Over $500M This Year

Plus, "billions in revenue five years from now"

Get the WebProNews Newsletter:


[ Business]

Financially speaking, Marc Andreessen believes Facebook’s on the right track.  Today, the man with ties to Netscape, AOL, and Ning – and who also happens to sit on Facebook’s board – supplied some big figures with respect to the social networking company.

Marc AndreessenLet’s start with the current state of affairs.  Andreessen told Reuters, "This calendar year they’ll do over $500 million."  Which isn’t bad by any means.

Then there’s a "what might be" scenario.  Andreessen continued, "If they pushed the throttle forward on monetization they would be doing more than a billion this year."  Better still.

And finally, even if Facebook pursues other things right now (Andreessen did indicate that growth’s a higher priority), we arrive at a near-certain future.  "There’s every reason to expect in my view that the thing can be doing billions in revenue five years from now," Andreessen said.

Facebook fans should be pleased to hear this news.  Employees and current investors are sure to take note, as well.

Given that Facebook recently named a new CFO, the timing of Andressen’s comments might even indicate that an IPO is planned for the not-too-distant future, in which case plenty more people will get a chance to benefit.

Marc Andreessen: Facebook To Make Over $500M This Year
Top Rated White Papers and Resources
  • http://blogtoread.com/ Cell Phone blogger

    When he says they will “do” $500 million, is that gross or net? You have to be careful saying they will “make” that much money. There are lots of companies out there “making” billions of dollars but going broke because their expenses are larger than their revenues.

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom