Facebook gets financial
1 Comment Published by Blake Robinson February 1st, 2008 in Facebook, facebook Business, Facebook News.Kara Swisher over at the WSJ’s All Things Digital managed to scoop some juicy financial details from a recent Facebook company meeting. In front of a crowded auditorium, Zuckerberg revealed many specifics about previously unknown Facebook financials.
Zuckerberg said that Facebook’s 2007 revenue was $150 million and that the 2008 projection was $300 to $350 million. In the next year, however, the company plans to spend $200 million on capital expenditures like servers. It also plans to expand its headcount from 450 to 1,000 and will likely have a negative 2008 income of $150 million.
Fortunately, investments from Microsoft and elsewhere will allow Facebook to make these moves without much concern for negative cash flow. Zuckerberg said that an ’08 IPO was unlikely, and here’s part of the reason why. These numbers though also indicate that an ’09 IPO is equally unlikely since the company won’t be technically profitable. I guess 2010 is a nice round year to take over the world.













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