Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday September 07, 2011

Facebook Doubles First-Half Revenue

I want to say I am surprised but, given the amount of time people spend on the site, it's no wonder Facebook has doubled its revenue.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.