Thanks a lot for article. If you use Rapidshare, you must know Rapidshare Search Engine - Easy Way To Find Files!
Marc Andreessen: Facebook To Make Over $500M This Year
Plus, "billions in revenue five years from now"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.
Let'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.
Publish A Comment
| Popular WPN Business Resources |
-

Goodbye Vista, Hello Windows 7
Microsoft released its latest edition of Windows on October 22nd to... -

Social Media Trends That Indicate the Future
Where are we going with social media? That question is asked very... -

Time to Get Serious about Social Media
According to Chris Brogan, the President of New Marketing Labs, we...
iEntry 10th Anniversary
RSS
Newsletter
Advertising




















Making money,
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.