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Quoted: Bookmark this on Delicious - Saved by to facebook business web2.0 economy
- mohit - Oct 31 2008 | facebook, social networking
I am curious how the Facebook's costs & revenues compare to those of LinkedIn. LinkedIn makes money both from advertising and innovative premium services (that they have identified by segmenting and studying their various user segments).
Quoted: It costs a couple of hundred million dollars a year just to keep the lights on at Facebook. But the real problem is keeping up with growth, particularly storage needs. Add another $100 million or more per year for capital expenditures, and you’ve got a company that’s doing exactly the opposite of printing money.
- techcrunchfeed - Oct 31 2008 | web 2.0, technology, techcrunch
Quoted: When Facebook raised $240 million from Microsoft in 2007, and another $235 million in debt and equity in 2008, everyone thought they had plenty of cash to get through their big growth phase. With that kind of cash, the company could hire as many people as it needed to and not worry about profitability or going public until at least 2009, as board member
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Ah crap. I just Google Reader faved this too.
Ah good, mine was VentureBeat. :)