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Thursday, September 8, 2011
Facebook’s profited $1.6B in the First Half Of 2011
Facebook’s revenue soared to $1.6 billion in the first half of 2011, according to a report by Reuters, as the world’s largest social network continues to expand ahead of its widely anticipated IPO. The social networking giant posted net income of $500 million in the first half of 2011, according to “a source with knowledge of its financials.” Facebook has taken its user base to a whopping 750 million and has established itself as one of the biggest players in the display advertising world, TAKING one-third of all impressions served in the U.S. (more than Yahoo, Microsoft, Google, and AOL together).