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That's not true. Facebook is making a profit: http://www.bbc.co.uk/news/business-24751441 http://www.bbc.co.uk/news/business-24751441 "The increase in revenue
by declan 13y ago
That's not true. Facebook is making a profit:
http://www.bbc.co.uk/news/business-24751441 http://www.bbc.co.uk/news/business-24751441
"The increase in revenue led to $425m in net profit in the three months to September."
- grey-area 13y agoThanks for the correction, I'd missed that FB recently turned a profit. If you consider all the investment in them, including the IPO, of course they are nowhere near profit on that, so now their problem is turning that $425m profit into something that justifies their valuation of $100 billion and pays back all their investors; that might take quite some time, however over a long enough time frame (if they last that long), they could pull it off.