Facebook Made $1 Billion profit in 2011

In 2004 at the advent of Facebook Mark Zuckerberg refused to monetize the site. As Facebook started raising money they began to advertise in their own style. Still, the most popular site in the world was the subject of concern over whether it could really make money. They did. They made $3.7 billion which led to a 2011 profit of $1 billion. It’s not much for a big company, but keep in mind that means they made about $200,000 in profit per employee. This proves that they have potential to make money. This information all becomes available as Facebook announced their IPO. This is something to watch.

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Michael Sitver

Michael Sitver is a technology insider who has been blogging about technology since 2011. Along the way, he's interviewed founders of innovative startups, and executives from fortune 500 companies, and he's tried dozens or hundreds of gadgets. Michael has also contributed to works featured in Newsday, The San Francisco Chronicle, and the associated press. Michael also occasionally consults, and writes for Seeking Alpha and Yahoo News.

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