Harvard Born Facebook Sees Revenue Soar

Harvard birthed Facebook seems to be performing pretty well. The Daily Brief over at Portfolio.com has short piece on the results of Mark Zuckerberg’s juggernaut.

According to the Reuters source, the company hauled in $1.6 billion in revenue in the first half of the year, with about $500 million, or about 31 percent of that revenue, dropping to the bottom line.

In the first nine months of 2010, Facebook earned $355 million on revenue of $1.2 billion, which also amounts to about 30 percent, according to documents investor Goldman Sachs provided to clients.

Not all of Facebook’s revenue is from online advertising. Some comes from its cut of the virtual goods sold in Zynga games for instance. But since Facebook accounted for nearly one third of all Internet display advertisement impressions in the United States in June, according to analytics firm comScore, it’s a good bet to say that most of it does.

Pretty amazing results for the company, which I believe is about 7 years old. Notice, no technology transfer issues with this university born firm. Is there something for administrators, professors, and policy makers to learn?

via Facebook Revenue And Income Soar Source Tells Reuters – Daily Brief – Portfolio.com.


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