Facebook's growth exceeds expectations: WSJ

Posted By: Religare
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Facebook's growth exceeds expectations: WSJ
One of the leading social network companies, Facebook, recorded earnings worthUS$2 billion during 2011.

The network giant has been through a vigorous growth rate during past one year. These profits posted by the firm were valuated before interest, taxes, depreciation and amortization.

The growth witnessed by the company was much more than what had been predicted by the sources having idea about the company"s financials.

Though the amount by which the actual profits of the firm exceeded the predicted profits is still unknown.

According to the Wall Street Journal, the pace at which the company"s profits are growing, soon they will reach an amount of US$100 billion or even more. Post Goldman Sachs and Digital Sky Technologies investment made in the company, the growth trend of Facebook has been increasing further.

Since the company is not listed as a public company yet, in the present scenario its valuations are done keeping purchase and sales of its shares as the base. However the social network company plans to go public in the coming year.

Read more about: result, facebook, ipo
Story first published: Tuesday, May 3, 2011, 9:30 [IST]
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