Source reveals finances to Gawker
(NEWSER) - Facebook is pretty much made of money, a knowledgeable source tells Gawker . The site has raw numbers as of September, which Ryan Tate calls “the Silicon Valley equivalent of hard-core pornography,” and they show that the social networking site will probably earn almost $1 billion in profit this year. That’s more than double last year’s reported profits and quadruple the year prior’s. According to the source, Facebook had the equivalent of $3.5 billion in cash as of September. More»
