Facebook Reveals Investor Information Showing High Revenue Success For 2010
According to documents now released to investors, Facebook revenues achieved £776.4m ($1.2bn) for the first nine months of 2010.
Goldman Sachs, which invested in the Facebook earlier this week, was sent a 100-page document by the social network company which also revealed that for the first nine months of 2010 it had profits of £229.7m ($355m).
Facebook's new investors this week also included funding from Russian internet company Digital Sky Technologies, which valued Facebook at £32.2bn ($50bn). This figure means it now outranks other internet and media giants such as Ebay, Time Warner and Yahoo.
The social network is on track to exceed the 500 investor threshold in 2011, which under US law means they will be obligated to report financial data in the same way as listed companies.
Investors who have seen the newly released documents suggested that Facebook could go public as early as April 2012. As part of the social network's ongoing growth, it has also been reported that they will be taking on new staff this year.