Facebook Near $800 Million in 2009 Revenue

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We’ve all seen the growth of Facebook, buy information pills
especially those that have seen our bandwidth (and in some cases productivity) in the office take a hit in recent years. Many also knew that the company became cash positive in 2009 thanks to a blog post by Facebook CEO Mark Zuckerberg in September.

Would you have expected the company to have revenues approaching the billion mark? Reuters is quoting two sources saying that the company’s 2009 revenue was between $700 million and $800 million.

There is increased buzz about the company getting ready for an IPO but the question is why? It does not appear that they are holding back any substantial growth due to a need for capital. Their current financial position should allow any debt to be paid off. Investors will want an exit strategy at some point, but there are also great advantages to remaining private.

Will we see a Facebook IPO before the end of 2011?

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Southern Technology Leaders (So.Tech) was created with the over-arching goal to showcase the South’s vibrant technology sector, connect its people, and deliver the resources necessary to establish the South as the leader in technology innovation and growth in the U.S.

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