Wednesday, July 8, 2009

(MY073) Facebook predicts revenue to be in the ‘billions’

SAN FRANCISCO, July 7 — Facebook will likely be posting billions of dollars in revenue in five years, up from about US$500 million (RM1.8 billion) this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook’s board.

Andreessen told Reuters that the world’s most popular online social network could pile up US$1 billion in revenue this year if it pushed harder on selling advertising.



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