Facebook on Track for $1 Billion Revenue This Year

Facebook on Track for $1 Billion Revenue This Year: "Facebook on Track for $1 Billion Revenue This Year
Written by Jolie O'Dell / March 2, 2010 1:13 PM

According to figures released today by the singularly focused blog Inside Facebook, the ubiquitous social network made upwards of $700 million in 2009 and is expected to reach a phenomenal $1 billion in revenues in 2010.

Year over year, Facebook's revenues have typically doubled, from $150 million in 2007 to around $300 million in 2008 and so on.

The breakdown of revenue streams is fascinating, showing the extent to which well-targeted ads based on massive amounts of user data still drives how we monetize the Web."