Facebook Financials leaked...

[KLin]

http://gawker.com/5866291/source-reveals-facebook-is-gushing-cash

I hate Zuckerberg.

 

[Gibson486]

dam....i want some of that...

 

[shortylickens]

Life aint fair.
Oh well, back to the salt mines.

 

[kyrax12]

0 debt

Wow..

 

[Corporate Thug]

Debt: $0

wow...

 

[Corporate Thug]

0 debt

Wow..

haha, i didn't even see this when I posted.

 

[drebo]

I don't understand this.

 

[goog40]

Since many consider them to be a $100B company, is any of this all that surprising?

 

[D1gger]

I finally got my company to $0 debt this year, but damn my revenue/profit do not even come into the same zip code as Facebook. It is amazing how much money can be made with a simple idea, even if poorly implemented.

 

[bfdd]

Since many consider them to be a $100B company, is any of this all that surprising?

Well I still wouldn't value them at that, but it does show that they really don't have a management issue lols.

 

[shortylickens]

I finally got my company to $0 debt this year, but damn my revenue/profit do not even come into the same zip code as Facebook. It is amazing how much money can be made with a simple idea, even if poorly implemented.

And the funny thing is, it wasnt really an original idea. He just took the concept of Myspace, stripped out the page customizing bullshit, and focused on the socializing, which is really what people wanted. Cleaned up the interface, people stormed the fortress like mad.

 

[gevorg]

 

[cyclistca]

Stupid question, how in the hell do they make money?

 

[Gibson486]

Stupid question, how in the hell do they make money?

if it were that easy, you would already know...

 

[mizzou]

Funny, because I've given facebook $0.00 so far

 

[jpiniero]

Stupid question, how in the hell do they make money?

People still don't know this?

Data Mining. If you use Facebook, they know more about you than your mother.

 

[BudAshes]

Stupid question, how in the hell do they make money?

You are being harvested every time you post something to facebook.

 

[vi edit]

LOL at the linked article within that one. They call this a mansion?
http://gawker.com/5798947/mark-zuckerberg-upgrades-to-his-biggest-mansion-yet

Seriously? It's price tag may be staggering, but to call that a mansion is drama and hype at it's best. In many places between the coasts that would be worth 1/10th that cost. Hell, I live in a 5000 sq/ft home that only cost $340k to build.

His place isn't a mansion...this is a mansion:
http://www.luxuryrealestate.com/res...adowgate-road-encino-california-united-states

 

[manly]

Well I still wouldn't value them at that, but it does show that they really don't have a management issue lols.

credit Sheryl Sandberg, who's been there maybe 3 years?

 

[Kadarin]

Stupid question, how in the hell do they make money?

Hint: You're not their customer, you are the resource they sell to their customers.

 

[shortylickens]

Hint: You're not their customer, you are the resource they sell to their customers.

Yup. Nothing there is private. You make a comment you like your iphone? ADS! Ads for every fucking thing ever related to Apple.

They copied Googles business model and it works really damn well.

 

[PhaZe]

And the funny thing is, it wasnt really an original idea. He just took the concept of Myspace, stripped out the page customizing bullshit, and focused on the socializing, which is really what people wanted. Cleaned up the interface, people stormed the fortress like mad.

The main thing was that it was exclusive (edu) at first, which is the only reason why I signed up.

 

[JS80]

Debt: $0

wow...

why wow?

 

[FelixDeCat]

LOL at the linked article within that one. They call this a mansion?
http://gawker.com/5798947/mark-zuckerberg-upgrades-to-his-biggest-mansion-yet

Seriously? It's price tag may be staggering, but to call that a mansion is drama and hype at it's best. In many places between the coasts that would be worth 1/10th that cost. Hell, I live in a 5000 sq/ft home that only cost $340k to build.

His place isn't a mansion...this is a mansion:
http://www.luxuryrealestate.com/res...adowgate-road-encino-california-united-states

What is little known is the underground hidden batcave and 40 car garage.

 

[Wreckem]

They also make a shit ton off games.

Shit they take 30% off the top of Zynga's revenues more or less. Same with other game developers on Facebook. Surprisingly a bunch of people spend money on that shit.

Reportedly, Facebook is set to make $400million off of Zynga this year alone. Keep in mind they aren't really doing shit to earn this money.