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> According to the S-1, Facebook made a modest $382,000 in revenue 2004, $9 million in revenue in 2005, $48 million in revenue in 2006 and $153 million in reven
by 5trokerac3 7y ago
> According to the S-1, Facebook made a modest $382,000 in revenue 2004, $9 million in revenue in 2005, $48 million in revenue in 2006 and $153 million in revenue in 2007, with no reporting of net loss.[0]
Seems like we're both wrong. FB was profitable before '09, but it did have a couple years of loss.
[0] https://techcrunch.com/2012/02/01/facebook-ipo-facebook-ipo-facebook-ipo https://techcrunch.com/2012/02/01/facebook-ipo-facebook-ipo-...
- jasode 7y agoNo sure where the journalist (Alexia Tsotsis) got the data to write: "$382,000 in revenue 2004, $9 million in revenue in 2005, $48 million in revenue in 2006 and $153 million in revenue in 2007, with no reporting of net loss." Those figures are not anywhere in the actual S-1: https://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm https://www.sec.gov/Archives/edgar/data/1326801/000119312512... In fact, page 40 of the S-1 clearly shows a 2007 loss of -$138 million which contradicts what the Techcrunch author wrote.