Facebook makes almost no money? You're insane. Facebook is making a billion of profits a year, and that's a 3-5-fold increase on last year. They're not shouting

Facebook makes almost no money? You're insane. Facebook is making a billion of profits a year, and that's a 3-5-fold increase on last year. They're not shouting about it on the rooftops (why should they?), but they're clearly on their way to having a business that makes just as much money as Google (however it is they're doing it) and so will probably command similar valuations. This reminds me of the few years before Google IPOed, when Google were deliberately keeping quiet about their profits so as to not generate lots of competition for themselves, but were quietly putting away hundreds of millions a year and multiplying that each year.