Facebooks 2010 Revenue Estimated at $710 Million
Facebook recently passed 350 million users worldwide, but the lingering question about the social network (and social media in general) is if it’s making any money. According to a report in The Wall Street Journal, the answer seems to be that at the least, revenue, if not profits, at social networking sites is starting to take off.
Using data from NYPPEX, the WSJ reports that Facebook’s estimated to generate $710 million in revenue next year. That would represent more than a 40 percent improvement from this year, where the social network is rumored to be bringing in about $500 million in revenue.
Elsewhere, NYPPEX estimates that LinkedIn will generate more than $200 million in revenue in 2010. The firm also says that four years from now, Facebook could be doing $1.9 billion sales, LinkedIn could be at better than $300 million and Twitter could be at $283 million (how exactly, they’re not sure either).
Of course, all of that is based on the social networking sites mentioned continuing to grow strongly both in terms of users and sales. That’s been anything but a given in the short history of social media, where we’ve seen sites rise and fall quickly. Nonetheless, the report does seem to support other research that indicates money is flowing into social media marketing at an increasing rate.
