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Facebook's 2010 sales cross estimated figure
By siliconindia
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Friday, 17 December 2010, 20:24 IST
Bangalore: The growth chart of facebook has crowned it with the title of most popular social networking service. The figures in 2010 have shown that the website is likely to generate revenue of about $2billion where the sales figure will also be double than 2009. When drawn a comparison, it can be easily noted that Facebook had $700 million to $800 million in sales last year. The increased sales shows the per minute increasing popularity of Facebook amongst people of all age groups, as stated by Brian Womack.
In a ranking amongst the global users, Facebook has outdone Yahoo, making it No. 3 behind Google and Microsoft, according to ComScore, a research firm in Reston, Virginia.
"The love affair of consumers with social networks is an abiding one," said Karsten Weide, an analyst at IDC in San Mateo, California. "All the big brands are there."
Facebook was found in 2004, has successfully reached the $2 billion figure faster than Yahoo and also maintained the same pace as of Google. Yahoo, founded in 1994 posted revenue of $1.6 billion in 2003 and $3.6 billion in 2004. Google, founded in 1998, reached $1.5 billion in 2003 and then $3.2 billion in 2004.
The honour of being"Person of the Year" was given to Facebook's founder Mark Zuckerberg was given by Time magazine yesterday. His role in 'creating a new system of exchanging information' and 'changing how we all live our lives' is worth being noted according to Time.
Facebook had been designed for college students when Zuckerberg, 26, was a 2nd year Grad student at Harvard University. The website had outdone News Corp.'s MySpace as the No. 1 social network two years ago. Facebook users' now post a billion pieces of content, such as photos and messages, every day, has maintained ad prices, even as its user growth creates a surge of space for commercial messages, the company said in August. Facebook also makes money from a credits program, which lets people buy virtual items in online games.
"People are learning and they're figuring out how they can work with Facebook," said Christian Juhl, a president at digital ad agency Razorfish, part of Paris-based Publicis Groupe SA. "You can prove success without a massive expenditure."
The complains of the lawmakers and advocacy groups about Facebook sharing extremely personal data have led to the company's introduction of simpler privacy controls in May which would limit the user information publicly available. "They've done a better job recently around privacy, which alleviates a lot of the concern," Juhl said. "That's something we'll always have to keep watching. But that's nothing new -- whether it's Google, Microsoft, Yahoo or Facebook."
