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.
Posts provided by The App Store Chronicle- All Rights reserved