Zuckerberg Reveals Financial Details of Facebook
Written by Pablo Palatnik on February 4, 2008
Finally, Zuckerberg made public the financial details of the social media giant Facebook which many have been awaiting on the speculation of the company going public and the big money Microsoft paid for a share of the company.
These numbers were recorded by Kara Swisher of All Things Digital. These figures were reported on an open call to employees.
Some highlights as reported by allthingsd.com:
“Revenue for Facebook for 2007 will be $150 million, as has been widely reported. But for 2008, Zuckerberg projected revenue to be increased to $300 million to $350 million.
More interesting was the news that Facebook would spend $200 million next year on capital expenditures, which is a whole lot of servers.
By the way, more expenses, noted chatty Mark, those employee levels would rise to more than 1,000 in 2008 from 450 now.â€
Doesn’t seem too much in revenue for the giant that Facebook is and may have been a bit overvalued by Microsoft when buying a share of the company. Facebook has launched Facebook ads in Q4 of 2007 and should see a higher revenue in Q1 of 2008, let’s remember, Facebook hasn’t really focused too much on capitalizing on the site. Plus, if you count the monetization by app developers, it could well overexceed that $150 million figure.
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