Its certainly a milestone for the most popular social networking website 'Facebook' which shows a reports of achieving a revenue of $900m in 2009 surpassing the figure of $500m which was previously estimated by the analysts. This results in investor demanding for flotation of the company.
As per the Facebook comment last September, "Facebook was generating enough income to cover its operating expenses, as well as its capital spending needs thereby resulting in making a net profit of several million dollars".
Facebook has nearly half a billion users. Now the investors will show much keen interest in this company, Facebook has previously insisted that an initial public offering was not a short-term priority, and is also conscious of other social networking websites like Bebo, that have fallen in popularity, leaving investors significantly out of pocket.
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